Why CoreWeave Stock Fell 30% in Just 1 Month

CoreWeave, a neocloud provider, experienced a significant stock decline that raised questions about the sustainability of its business model and market position. The company had recently reported strong revenue growth, with first-quarter 2026 revenue reaching $2.1 billion, more than double the prior year, and a revenue backlog of approximately $100 billion. Despite these impressive figures, the company remained unprofitable under generally accepted accounting principles, though it reported posi