On August 6, CoreWeave, Inc. declined 5.16% in pre-market trading, trading at $85.81/share, with turnover of $38.02 million.

On the news front, BNP Paribas analysts warned in their latest report that SpaceX's aggressive AI compute expansion plans could tighten GPU supply again, potentially squeezing chip allocation for CoreWeave despite its strategic partnership with NVIDIA. The analysts cautioned that if NVIDIA prioritizes its close collaboration with SpaceX, even strategic partners like CoreWeave may face reduced GPU allocations, raising concerns about the company's future compute supply security.

Adding to the pressure, Citi recently lowered its price target on CoreWeave from $158 to $142, while insider filings revealed that CEO Michael Intrator plans to sell 200,000 shares valued at approximately $17.15 million, and Chief Development Officer Brannin McBee executed sales of roughly 134,000 shares at prices between $70.53 and $85.62. CoreWeave is scheduled to report Q2 earnings on August 11, with consensus expecting revenue growth of approximately 137% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)