CoreWeave (CRWV) shares dropped 8.44% to close at $82.46 on February 4, 2026. The stock fell from a previous close of $90.06 as the Nasdaq Composite declined more than 2%. This market-wide sell-off followed the release of an Anthropic AI tool that sparked a "SaaSpocalypse" across the software and AI sectors.
Internal activity and legal challenges also impacted the company. Chief Development Officer Brannin McBee sold 34,831 shares for $3.19 million on February 2, 2026. Additionally, a class action lawsuit continues to allege that CoreWeave misled investors regarding data center delays occurring in late 2025.
The stock rose 2.84% to $84.80 in after-hours trading. This rebound occurred amid mixed futures and persistent concerns regarding hawkish Federal Reserve policies affecting AI-related equities.