What's Wrong With CoreWeave Stock?

CoreWeave's stock has fallen nearly 50% over the past year as the company faces mounting headwinds. Meta Platforms' announcement to sell excess compute power intensifies competition and signals weakening AI demand. Despite doubling revenue to $5.1 billion, CoreWeave's net losses grew to $1.2 billion, and the company lacks a defensible competitive moat, making it vulnerable to price competition.