CRWV is trading at $74.48 (-4.57%) today, extending its slide as litigation updates compound the negative sentiment from its recent Q4 earnings miss.
- Shares remain under pressure following a $452M net loss and weak Q1 guidance issued on February 26.
- Law firms issued reminders regarding a securities class action alleging overstated scaling capabilities and hidden data center delays.
- The decline is further pressured by broader market weakness, with the Nasdaq trading down 1.6%.