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Verilumia

The Daily Verified Briefing

Markets

CoreWeave shares plunge as Meta may turn competitor

Published 2 July 2026

Shares of AI cloud infrastructure company CoreWeave fell sharply this week, losing over $7.5 billion in market value, following a report that a major customer may become a competitor. The stock dropped 13.9% on Wednesday, July 1, and fell another 5.5% on Thursday, July 2, closing at $80.97.

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