CoreWeave stock keeps falling as fears of AI spending drag down markets. Here’s the latest on what’s happening

Shares of CoreWeave Inc. (Nasdaq: CRWV) have fallen more than 25% in the last week as concerns grow over the company’s debt and the success of the “neocloud” industry as a whole. On Thursday, the cloud-computing company’s stock fell up to 7% during premarket as investors continued to fret about potential overspending on AI. The decline followed a drop of 15.46% during the previous trading day. AI-adjacent companies across the globe are seeing similar losses, including semiconductor firms such as South Korea-based Sk Hynix, whose U.S.-listed shares fell more than 6% during the day, and Sandisk, which dropped over 5% in premarket trading. Markets dipped overall, with South Korea’s Kospi index falling more than 7% on Thursday and the Nasdaq-100 falling over 2% on Wednesday. What’s causing AI shares like CoreWeave to drop? Part of the concern comes from Gartner, a market research firm. On Wednesday, Gartner predicted that over 80% of neocloud providers could close by 2030 as a result of cost pressure and “a lack of a differentiating business model.” It expects much of the neocloud market to consolidate over the next four years. Gartner explained that, by the end of the decade, “over $…

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