CoreWeave is trading 5.76% down at $3.76 as broad technology-sector weakness intensified amid rising global bond yields and escalating U.S.-Iran tensions.
- Technology sector is down 2.85% during regular trading, while the Nasdaq Composite is down 1.42%.
- Investors are taking profits following CoreWeave’s recent earnings-driven rally.
- CoreWeave reported strong second-quarter results on August 11, including $104 billion in revenue backlog; no new company-specific negative catalyst was identified for August 18.