CoreWeave shares rose in Wednesday’s after-hours session, according to Benzinga. Trading giant Jane Street disclosed a 5.4% passive stake, purchasing about 19.95 million shares as of August 13th, according to regulatory filings. Shares have been declining since late June after a post-IPO surge, leaving them well below their 52-week high of $187. CoreWeave reported second-quarter revenue of $1.21 billion, above estimates of $1.08 billion, but posted a loss of 27 cents per share, wider than the expected 17 cents per share loss. Several analysts maintained neutral ratings, suggesting shares may be fully valued despite the recent pullback. The company provides Nvidia GPU access for technology and AI-focused firms.
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