CoreWeave, Inc. is trading 10.4% down now at $96.82 following reports of legal scrutiny surrounding more than $15 billion in bond deals tied to its Georgia data center projects.
- The legal challenges have raised significant questions regarding the company's financing structure and the incentives associated with its large-scale infrastructure developments.
- Shares are also being pressured by a broader market rotation out of high-valuation AI and growth names as the Nasdaq drops sharply.
- A stronger-than-expected U.S. jobs report has fueled expectations for rising interest rates, further weighing on tech sector sentiment.