SHAREHOLDER ALERT: Berger Montague Reminds CoreWeave, Inc. (CRWV) Investors of Class Action Lawsuit Deadline
CoreWeave Inc-ACoreWeave Inc-A(US:CRWV) TMX Newsfile·2026-02-18 15:21

Core Points - A class action lawsuit has been filed against CoreWeave, Inc. on behalf of investors who acquired its securities between March 28, 2025, and December 15, 2025 [1] - Investors have until March 13, 2026, to seek appointment as lead plaintiff representative of the class [2] Company Overview - CoreWeave, headquartered in Livingston, NJ, is an AI cloud computing firm that provides AI infrastructure and proprietary software through its Cloud Platform [3] - The company recognizes revenue only after its specialized data centers, referred to as "powered shells," are installed and contracts are activated [3] Financial Highlights - CoreWeave went public on March 28, 2025, selling 37.5 million shares at $40 each, raising a total of $1.5 billion [4] - The company entered a deal with OpenAI valued at up to $11.9 billion prior to its IPO [4] - CoreWeave's stock price peaked at $183.58 by June 20, 2025, with demand described as "robust" and "unprecedented" [4] Allegations and Stock Performance - The lawsuit alleges that CoreWeave misrepresented its ability to meet demand and understated risks related to reliance on a single third-party data center supplier [4] - Following revelations about the true state of demand, CoreWeave's stock experienced significant declines: $8.87 (6.33%) on October 30, 2025, $17.22 (16.31%) on November 10-11, 2025, and $2.85 (3.39%) on December 15-16, 2025 [4]