Shares of AI infrastructure provider CoreWeave Inc (NASDAQ:CRWV) are trading lower Tuesday, caught in a broader market downdraft affecting high-growth technology stocks.What To Know: The pressure appears linked to rising long-term interest rates, with the 10-year Treasury yield climbing to 4.29%, making future earnings for high-P/E companies seem less attractive to investors.Higher, safer returns on government bonds increase the discount rate used in financial models to determine the present value of a company’s future earnings. For a high-growth firm like CoreWeave, whose valuation is heavily weighted on profits expected years from now, this makes those anticipated cash flows worth less in today’s terms.What Else: The session’s decline Tuesday contrasts sharply with a flurry of positive news for the company ...Full story available on Benzinga.com
CoreWeave Stock Is Getting Hammered Tuesday: What's Going On?
