CoreWeave Expands Into ‘Physical AI’ With Wayve Driverless-Car Deal, But CRWV Stock On Track To Fresh 18-Month Low

Rosenblatt maintained its Buy rating on CoreWeave but reduced its price target from $250 to $160, a 36% cut. The new target suggests a 244.8% upside from the Nov 6 close of $46.40. Recent analyst price targets for CoreWeave range from $70 to $128.

Nvidia's stock fell 4% after the company launched an investigation into CEO Jensen Huang's relationship with a woman U.S. intelligence alleges is a Chinese spy. The probe could impact Nvidia's AI chip business and wiped out over $200 billion in value. Huang admitted to infidelity, and the board is overseeing the investigation, prioritizing national and economic security.

Nvidia's stock dropped 5-8% after its board launched an independent investigation into CEO Jensen Huang, who admitted to an extramarital affair. The board stated confidence in Huang, who plans to remain CEO. According to reports, Huang's relationship was with a former executive linked to Chinese intelligence. Nvidia closed Friday at $186.64, down over 20% from its peak a month ago.

NVIDIA shares dropped 8% at market open after CEO admitted to an affair with a Chinese spy, according to reports.

Nvidia's shares fell over 8% amid a probe into CEO Jensen Huang's alleged affair with a Chinese spy. Tech shares rebounded, with the Nasdaq up 0.9%, and the Philadelphia Semiconductor Index up 1.9%. Oil prices dropped 5% on hopes of US-Iran peace talks. Analysts view Nvidia's decline as a one-off event, not a systemic risk. Nvidia's market cap reached $5 trillion last year. China denied the spying claims.

China dismissed allegations of an espionage operation involving Nvidia's Jensen Huang as 'smears.' Nvidia's board announced an independent investigation into the claims, expressing confidence in Huang. Nvidia shares fell in pre-market trading. Huang apologized for personal misconduct but denied espionage involvement, according to the company.