Why CoreWeave Stock Fell 30% in Just 1 Month

CoreWeave's stock plummeted 30% in one month despite strong revenue growth ($2.1B in Q1 2026) and a massive $100B backlog. The decline stems from investor concerns about long-term profitability in a capital-intensive business, Meta's plans to lease AI infrastructure to external customers (threatening CoreWeave's competitive position), and unrealistic valuation expectations. While the core business remains sound, investors now demand proof of sustainable profitability rather than growth at any cost.