CoreWeave Rout Sends Warning Sign to Rest of the Stock Market

(Bloomberg) -- Wall Street strategists are warning that declines in shares of AI cloud-computing providers will spill into other corners of the tech trade, potentially dragging the US stock market down to its June lows. Most Read from Bloomberg Lula Wins Record Fourth Term in Surprise Brazil Comeback Trump Prepares for Iran Escalation After US, Israeli Polls Trump Says Decision Nearing on Iran: Deal or 'Finish It Off' Apollo's Slok Says AI Has Delivered Zero Payoff Outside of Tech Musk Claims $40 Billion Chips Debt Closed, Yet Talks Ongoing CoreWeave Inc. (CRWV), the company at the center of the tumult after its bonds plunged to distressed levels this month, saw its shares drop 41% since Oct. 6, when major US equity indexes hit a fresh record.