Why CoreWeave Stock Is Down 11.8%

Yahoo Finance ·

CoreWeave Inc ( CRWV -11.22% ) stock is down on Tuesday, falling 11.8% as of 2:05 p.m. ET. The S&P 500 and the Nasdaq Composite are down 0.6% and 1.4%, respectively. President Trump said Tuesday that talks with Iran are not underway, walking back earlier claims that negotiations were in progress. That's spiking fear in the market.

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CoreWeave shares plummeted 11.8%, while the S&P 500 and Nasdaq indices fell 0.6% and 1.4%, respectively. This was driven by President Trump's statement that no negotiations with Iran are underway, which fueled geopolitical risks and market panic. Investors should note the increased market volatility stemming from rising tensions in the Middle East.

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Geopolitical anxieties surged due to President Trump's remarks regarding Iran, strengthening sell-offs primarily in tech stocks, including a 1.4% drop in the Nasdaq. CoreWeave also took a direct hit from risk-off sentiment, plunging 11.8%.

Future escalation of the conflict with Iran and oil price volatility will be key indicators. A relaxation of tensions could spark a rebound in tech stocks, but further escalation will inevitably exert additional downward pressure on the indices.

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