CoreWeave ( CRWV) is an AI cloud computing company that delivered multibagger gains post-IPO. Soaring AI demand and spending on computing and data centers allowed it to land significant contracts and gain steam, though the momentum has come to an end and reversed.

CoreWeave (CRWV) shares cratered today as investors prepared for the end of the AI data center firm’s IPO lock-up period. Indeed, with the lock-up now over, early investors and insiders will be allowed to sell their shares,

Corporate insiders will soon be able to unload shares, which could cause some selling pressure but also ultimately reduce volatility by increasing the stock’s float.