After 50% Crash, CoreWeave Faces Its Make-or-Break Test: Nvidia Earnings
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CoreWeave, Inc. (NASDAQ:CRWV) faces a critical moment as Nvidia's upcoming Q2 earnings report could significantly impact its stock. With CRWV down 20% this month and a 50% drop from its June peak, investor sentiment is shaky. CoreWeave's reliance on Nvidia's GPU sales for its cloud services means Nvidia's performance will influence CoreWeave's future. A strong Nvidia report could stabilize CoreWeave's valuation, while disappointing results may exacerbate existing pressures. As of now, CRWV shares are down 2.53% at $91.61.
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