FRAUD ALERT: CoreWeave, Inc. ($CRWV) Hit with Securities Fraud Allegations After Infrastructure Delays Lead to 16% Stock Drop, Contact BFA Law
CoreWeave Inc-ACoreWeave Inc-A(US:CRWV) TMX Newsfile·2026-02-08 11:46

Core Points - A class action lawsuit has been filed against CoreWeave, Inc. and certain senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][3] - Investors are encouraged to seek additional information regarding the lawsuit and their legal options [2][9] 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, including a merger agreement with Core Scientific announced on July 7, 2025 [4] Allegations and Stock Performance - CoreWeave allegedly overstated its ability to meet customer demand and concealed significant construction delays at its data centers [5] - The stock price dropped significantly after the merger with Core Scientific was terminated due to insufficient shareholder votes, falling from $139.93 to $131.06 per share, a decrease of over 6% [6] - Further declines occurred when CoreWeave lowered its guidance for revenue and operating income due to delays, with the stock dropping from $105.61 to $88.39 per share, a decrease of more than 16% [7] - Additional delays reported by The Wall Street Journal led to another drop in stock price from $72.35 to $69.50 per share, a decrease of over 3% [8]