CRWV is trading 4.6% down at $99.01 in pre-market, extending a multi-day pullback from last week’s $114 range.
- The decline follows a sharp rally triggered by the May 18 announcement of a $3.1 billion term loan facility intended to fund GPU and infrastructure expansion.
- Market participants appear to be locking in profits while reassessing leverage and execution risks associated with the massive capital injection.
- Broader sentiment is under pressure as AI and technology sectors face headwinds from a weaker Nasdaq futures tape.