CoreWeave (CRWV) is trading at $93.42, down 7.7%, after a securities class action lawsuit was filed alleging the company misled investors regarding its ability to meet customer demand and concealed significant data center construction delays.
- The lawsuit, filed as Masaitis v. CoreWeave, Inc., claims the company overstated operational capabilities while downplaying risks associated with relying on a single third-party developer, Core Scientific.
- The stock previously experienced a 16% single-day drop in November 2025 when CoreWeave slashed guidance due to third-party delays, reflecting ongoing investor concerns about infrastructure deployment challenges.