CoreWeave Plunges 11.37% as AI Sector Stocks Slide

AI equities face broad sell-off with CoreWeave down 11.37% and Astera Labs falling 10.82%, while broader indices show mixed performance.

Woofun AI reports that U.S. equity markets closed with mixed results, as the Dow Jones Industrial Average rose 0.46% and the S&P 500 gained 0.05%, while the Nasdaq Composite fell 0.64%. The VIX volatility index also decreased by 0.64%. AI-related stocks experienced significant declines, with CoreWeave dropping 11.37%, Astera Labs falling 10.82%, Arm Holdings decreasing 8.14%, Tempus AI sliding 7.22%, and Marvell Technology declining 7.21%. MSX, a real-world asset trading platform, lists tokens backed by major U.S. stocks including NVIDIA, GOOGL, MSFT, AMZN, META, TSM, and AMD, alongside various ETFs.