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Coreweave Opened 7.7% Lower as Chip Index Headed for Eighth Straight Loss

The Philadelphia Semiconductor Index was down nearly 2% on Oct. 16 and was on course for its longest losing streak since May 2006.

By Enna Lee
Published
Eight silicon wafers descend across a vermilion stepped platform / TokenPost.ai
Eight silicon wafers descend across a vermilion stepped platform / TokenPost.ai

Coreweave (CRWV.O) opened 7.7% lower Friday, Oct. 16, while the Philadelphia Semiconductor Index was down nearly 2% and on course for an eighth consecutive daily loss.

That would be the index’s longest losing streak since May 2006.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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