Latest news with #ErnieRogers
Yahoo
5 days ago
- Business
- Yahoo
CoreWeave Stock Is Sinking Today -- Here's What Investors Need To Know
CoreWeave's stock gained almost 50% this week before retreating today. The company's recent announcements have driven investor enthusiasm. Investors should consider the company's high debt load and customer concentration. 10 stocks we like better than CoreWeave › Shares of CoreWeave (NASDAQ: CRWV) are falling on Thursday, down 16.2% as of 2:13 p.m. ET. The large drop comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell by 0.3% and 0.1%, respectively. CoreWeave stock's sharp drop isn't really being driven by specific news from today; rather, it's a retreat from the stock's recent massive run-up. The stock was up nearly 50% this week before today's fall after the company announced several catalysts. CoreWeave, which provides cloud computing services to artificial intelligence (AI) companies like Nvidia and Microsoft, announced earlier this week that it has entered into a deal with Applied Digital to lease 250 megawatts of computing power for the next 15 years. The deal greatly expands CoreWeave's total capacity and ability to serve its customers. On Wednesday, the company announced it has appointed Ernie Rogers as chief architect of strategic financing. Rogers will help CoreWeave continue to finance its rapid expansion. Michael Intrator, co-founder and CEO, explained in a statement that his "deep understanding of our business makes him uniquely qualified to help drive our next phase of growth." CoreWeave's growth has been impressive, but I'm not sold on the stock. The company is highly leveraged and, with the recent appointment of Rogers, appears to be looking to add to this debt. This makes the company highly vulnerable to any disruptions in its growth. This would already be cause for concern, but considering that CoreWeave's revenue is entirely dependent on just a handful of companies, the risk is greater. After all, its largest client, Microsoft, is a cloud provider itself. It's more than possible that CoreWeave sees a major disruption in sales that could handicap the company as it grows. Therefore, I would avoid CoreWeave stock. Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. CoreWeave Stock Is Sinking Today -- Here's What Investors Need To Know was originally published by The Motley Fool Sign in to access your portfolio
Associated Press
6 days ago
- Business
- Associated Press
CoreWeave Appoints Ernie Rogers to Strategic Leadership Role to Drive Next Phase of Financing Growth
LIVINGSTON, N.J., June 4, 2025 /PRNewswire/ -- CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today announced the appointment of Ernie Rogers as Chief Architect of Strategic Financing. Rogers brings decades of expertise in financial strategy and operational leadership. Rogers most recently served as Magnetar's Chief Operating Officer ('COO'), where he led the firm's operations and finances, including managing a diverse array of both back-office and select front-office teams. His leadership helped foster innovation and efficiency across Magnetar's platform. 'Ernie has been an invaluable partner since the beginning of CoreWeave, and we're thrilled to welcome him to the team,' said Michael Intrator, Co-Founder and Chief Executive Officer at CoreWeave. 'His deep understanding of our business makes him uniquely qualified to help drive our next phase of growth.' 'I've had the privilege to be part of the CoreWeave journey early on as an investment partner and as an operational advisor and board member,' said Ernie Rogers, Chief Architect, Strategic Financing at CoreWeave. 'There is no other player in the space like this company. I'm excited to keep working alongside the team to reach new heights.' 'We're proud to see Ernie take on this critical role at CoreWeave,' said David Snyderman, Managing Partner of Magnetar. 'He's played a meaningful part in our strategic approach to investing in transformational technology platforms, and his transition supports our strong confidence in CoreWeave's direction and leadership.' About CoreWeave CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at View original content to download multimedia: SOURCE CoreWeave
Yahoo
6 days ago
- Business
- Yahoo
CoreWeave Appoints Ernie Rogers to Strategic Leadership Role to Drive Next Phase of Financing Growth
LIVINGSTON, N.J., June 4, 2025 /PRNewswire/ -- CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today announced the appointment of Ernie Rogers as Chief Architect of Strategic Financing. Rogers brings decades of expertise in financial strategy and operational leadership. Rogers most recently served as Magnetar's Chief Operating Officer ("COO"), where he led the firm's operations and finances, including managing a diverse array of both back-office and select front-office teams. His leadership helped foster innovation and efficiency across Magnetar's platform. "Ernie has been an invaluable partner since the beginning of CoreWeave, and we're thrilled to welcome him to the team," said Michael Intrator, Co-Founder and Chief Executive Officer at CoreWeave. "His deep understanding of our business makes him uniquely qualified to help drive our next phase of growth." "I've had the privilege to be part of the CoreWeave journey early on as an investment partner and as an operational advisor and board member," said Ernie Rogers, Chief Architect, Strategic Financing at CoreWeave. "There is no other player in the space like this company. I'm excited to keep working alongside the team to reach new heights." "We're proud to see Ernie take on this critical role at CoreWeave," said David Snyderman, Managing Partner of Magnetar. "He's played a meaningful part in our strategic approach to investing in transformational technology platforms, and his transition supports our strong confidence in CoreWeave's direction and leadership." About CoreWeave CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at View original content to download multimedia: SOURCE CoreWeave Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
