Core Viewpoint - A class action lawsuit has been filed against CoreWeave, Inc. and its senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - CoreWeave is an AI-focused cloud computing company that operates data centers providing high-performance GPU infrastructure [4]. - The company relies on partnerships, notably with Core Scientific, to develop its data centers and support its AI computing operations [4]. Allegations of Securities Fraud - The lawsuit claims that CoreWeave misrepresented its ability to meet customer demand and concealed significant construction delays at its data centers [5]. - During the relevant period, CoreWeave assured investors of its capability to capitalize on unprecedented demand and rapidly scale operations [5]. Stock Performance and Impact of Events - On October 30, 2025, Core Scientific announced insufficient shareholder votes to approve a merger with CoreWeave, leading to a stock price drop of $8.87 per share (over 6%) from $139.93 to $131.06 [6]. - On November 10, 2025, CoreWeave lowered its guidance for revenue and other financial metrics due to delays from a third-party developer, causing a further drop of $17.22 per share (over 16%) from $105.61 to $88.39 [7]. - On December 15, 2025, reports of delays in a major data center project led to an additional decline of $2.85 per share (over 3%) from $72.35 to $69.50 [8].
CRWV STOCK ALERT: CoreWeave, Inc. Investors are Encouraged to Act before the Upcoming March 13 Deadline – Contact BFA Law if You Lost Money