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CoreWeave's downsized IPO flops, company's 250,000 chips could be a problem
Mar. 29, 2025 4:26 PM ETCoreWeave, Inc. (CRWV) StockMSFT, NVDABy: Vansh Agarwal, SA News Editor

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CoreWeave's (NASDAQ:CRWV) market debut was the first significant IPO of the artificial intelligence era, a bellwether for the AI industry as investors become increasingly vocal about return on investments.

The company's shares closed flat after opening nearly 3% below their offer price in its Nasdaq debut on Friday, giving the Nvidia (NVDA)-backed startup a lower-than-expected valuation of $23 billion.

CoreWeave (CRWV), which started out mining crypto, rents out access to data centers outfitted with Nvidia's (NVDA) graphic processors. Most of the company's 250,000 GPUs are comprised of Nvidia's (NVDA) Hopper generation.

While those chips, such as the H100, were state of the art in 2023 and 2024, they are being overshadowed by Nividia's (NVDA) latest generation of Blackwell GPUs.

"In a reasoning model, Blackwell is 40 times the performance of Hopper. Straight up. Pretty amazing," said Nvidia (NVDA) CEO Jensen Huang at the GTC conference last week. "I said before that when Blackwell starts shipping in volume, you couldn’t give Hoppers away."

While this might be good news for Nvidia (NVDA), it spells trouble for CoreWeave (CRWV). Even if the company is able to overcome its huge debt pile (it owed $8 billion as of last year) and reliance on too few customers (Microsoft (MSFT) accounted for 62% of the company's 2024 revenue of $1.92 billion), it faces the challenge of constantly investing in expensive new technology as its current tech becomes obsolete.

"Technological improvements mean the cost of computing goes down over time, and we now believe it’s a buyers’ market for GPU rentals, especially for the Hopper class and MI300 class GPU," said SemiAnalysis.

The H100 would have to be set at a rental of $0.98 per hour per GPU to compete with a GB200 NVL72 priced at $2.20 per hour per GPU, SemiAnalysis added.

While CoreWeave (CRWV) shares a warm relationship with Nvidia (NVDA), which owns over 5% of the cloud computing provider, its ever-growing lineup of more powerful chips threaten CoreWeave's (CRWV) bottom line.

And unlike other AI players, CoreWeave (CRWV) does not have any other business, like search, advertising, or e-commerce, to make up for the losses as it battles it out.

More on CoreWeave
Congrats On Your IPO, CoreWeave (You're Overvalued)
CoreWeave: Rent Is Going Up, Get Out Now
CoreWeave's IPO Will Test Investor's AI Appetite
CoreWeave ends flat after raising $1.5B in widely watched offering
4 stocks to watch on Friday: CRWV, LLY, APP and SHEL

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M
MFGM
Today, 6:03 PM

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Investing Group
Comments (1.44K)
|
IPO reaction is more a matter of the macro market - timing of release may have a lot to do with it

Reply

Like
J
Just Some Guy
Today, 5:53 PM

Premium
Investing Group
Comments (13.66K)
|
>CoreWeave's (NASDAQ:CRWV) market debut was the first
>significant IPO of the artificial intelligence era.
That's interesting right there.
Why is this the case?
Why no previous big IPOs?
>"In a reasoning model, Blackwell is 40 times the
>performance of Hopper. Straight up. Pretty amazing,"
>said Nvidia (NVDA) CEO Jensen Huang at the GTC
>conference last week. "I said before that when
>Blackwell starts shipping in volume, you couldn’t
>give Hoppers away."
LOL. So, the idea that this 40x might even be true is pretty interesting, let's pretend we should use a 40x factor. So, shouldn't they cut the price of Hoppers by, well, by 40x? Are they still making and shipping them or not? At what price?
And, why is NVDA an investor in CRWV, under the circumstances?

Reply

Like
j
jeffk100
Today, 5:29 PM

Premium
Comments (5.56K)
|
if you look around the room and can't pick out the sucker, its you.

Reply

Like

SuperPac
Today, 5:24 PM

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Investing Group
Comments (18.34K)
|
Canary in the Coal Mine !

Reply

Like
N
Natturner1966
Today, 5:15 PM

Premium
Comments (15.33K)
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It was a flop on day one. What about the rest of the future. To early to judge their fate at this point.

Reply

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M
Mr.Isuzu
Today, 5:05 PM

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Comments (1.46K)
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Seems like an IPO to get some money out of it before it goes bust. Almost like a SPAC scam.

Reply

Like
N
NYSJ
Today, 4:53 PM

Premium
Comments (3.87K)
|
"CoreWeave (CRWV), which started out mining crypto, rents out access to data centers outfitted with Nvidia's (NVDA) graphic processors. Most of the company's 250,000 GPUs are comprised of Nvidia's (NVDA) Hopper generation."
This is NOT good. I did not realize they do not have Blackwell chips. Ouch!
Blackwell is 40x times faster.

Reply

Like

Another Mountain's Rock Investing
Today, 4:37 PM

Analyst
Premium
Comments (6.1K)
|
If their gaming unit mess up (alienating customer base) is company wide, I suspect Nvidia should be careful making enemies of their very small amount of major data center customers. However, the rasterization vs frame-gen backlash is not exactly comparable to ai reasoning

Reply

Like
More Trending News
About CRWV Stock
Symbol Last Price % Chg
CRWV
40.00 -
Post 39.97 -0.08%
Market Cap
$18.52B
PE
-
Yield
-
Rev Growth (YoY)
736.64%
Short Interest
-
Prev. Close
$40.00
CRWV Ratings
Source Rating Score
SA Analysts
Sell
Rating: Sell1.66
Wall Street
Not Covered
Rating: Not Covered
-
Rating: Not Covered
Quant
Not Covered
Rating: Not Covered
-
Rating: Not Covered
Related Stocks
Symbol Last Price % Chg
CRWV - -
CoreWeave, Inc.
BIYA - -
Baiya International Group Inc.
SAGT - -
Sagtec Global Limited
MCRP - -
Micropolis Holding Company
QSEAU - -
Quartzsea Acquisition Corporation Units

Public safety
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AXON
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CLBT
19.46
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FSS
75.18
-4.69%
MSI
432.99
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TYL
579.66
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VRRM
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Boston Scientific Corporation (BSX) TD Cowen 45th Annual Healthcare Conference (Transcript)
Audio length
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Volume in percent

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CoreWeave's downsized IPO flops, company's 250,000 chips could be a problem
Mar. 29, 2025 4:26 PM ETCoreWeave, Inc. (CRWV) StockMSFT, NVDABy: Vansh Agarwal, SA News Editor

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Share

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Comments
( cool
CoreWeave's (NASDAQ:CRWV) market debut was the first significant IPO of the artificial intelligence era, a bellwether for the AI industry as investors become increasingly vocal about return on investments.

The company's shares closed flat after opening nearly 3% below their offer price in its Nasdaq debut on Friday, giving the Nvidia (NVDA)-backed startup a lower-than-expected valuation of $23 billion.

CoreWeave (CRWV), which started out mining crypto, rents out access to data centers outfitted with Nvidia's (NVDA) graphic processors. Most of the company's 250,000 GPUs are comprised of Nvidia's (NVDA) Hopper generation.

While those chips, such as the H100, were state of the art in 2023 and 2024, they are being overshadowed by Nividia's (NVDA) latest generation of Blackwell GPUs.

"In a reasoning model, Blackwell is 40 times the performance of Hopper. Straight up. Pretty amazing," said Nvidia (NVDA) CEO Jensen Huang at the GTC conference last week. "I said before that when Blackwell starts shipping in volume, you couldn’t give Hoppers away."

While this might be good news for Nvidia (NVDA), it spells trouble for CoreWeave (CRWV). Even if the company is able to overcome its huge debt pile (it owed $8 billion as of last year) and reliance on too few customers (Microsoft (MSFT) accounted for 62% of the company's 2024 revenue of $1.92 billion), it faces the challenge of constantly investing in expensive new technology as its current tech becomes obsolete.

"Technological improvements mean the cost of computing goes down over time, and we now believe it’s a buyers’ market for GPU rentals, especially for the Hopper class and MI300 class GPU," said SemiAnalysis.

The H100 would have to be set at a rental of $0.98 per hour per GPU to compete with a GB200 NVL72 priced at $2.20 per hour per GPU, SemiAnalysis added.

While CoreWeave (CRWV) shares a warm relationship with Nvidia (NVDA), which owns over 5% of the cloud computing provider, its ever-growing lineup of more powerful chips threaten CoreWeave's (CRWV) bottom line.

And unlike other AI players, CoreWeave (CRWV) does not have any other business, like search, advertising, or e-commerce, to make up for the losses as it battles it out.

More on CoreWeave
Congrats On Your IPO, CoreWeave (You're Overvalued)
CoreWeave: Rent Is Going Up, Get Out Now
CoreWeave's IPO Will Test Investor's AI Appetite
CoreWeave ends flat after raising $1.5B in widely watched offering
4 stocks to watch on Friday: CRWV, LLY, APP and SHEL

3
Share

Save

Print
Comments
( cool
Recommended For You
Comments ( cool
Sort by
Newest

Axon Investment Research's avatar
Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

M
MFGM
Today, 6:03 PM

Premium
Investing Group
Comments (1.44K)
|
IPO reaction is more a matter of the macro market - timing of release may have a lot to do with it

Reply

Like
J
Just Some Guy
Today, 5:53 PM

Premium
Investing Group
Comments (13.66K)
|
>CoreWeave's (NASDAQ:CRWV) market debut was the first
>significant IPO of the artificial intelligence era.
That's interesting right there.
Why is this the case?
Why no previous big IPOs?
>"In a reasoning model, Blackwell is 40 times the
>performance of Hopper. Straight up. Pretty amazing,"
>said Nvidia (NVDA) CEO Jensen Huang at the GTC
>conference last week. "I said before that when
>Blackwell starts shipping in volume, you couldn’t
>give Hoppers away."
LOL. So, the idea that this 40x might even be true is pretty interesting, let's pretend we should use a 40x factor. So, shouldn't they cut the price of Hoppers by, well, by 40x? Are they still making and shipping them or not? At what price?
And, why is NVDA an investor in CRWV, under the circumstances?

Reply

Like
j
jeffk100
Today, 5:29 PM

Premium
Comments (5.56K)
|
if you look around the room and can't pick out the sucker, its you.

Reply

Like

SuperPac
Today, 5:24 PM

Premium
Investing Group
Comments (18.34K)
|
Canary in the Coal Mine !

Reply

Like
N
Natturner1966
Today, 5:15 PM

Premium
Comments (15.33K)
|
It was a flop on day one. What about the rest of the future. To early to judge their fate at this point.

Reply

Like
M
Mr.Isuzu
Today, 5:05 PM

Premium
Investing Group
Comments (1.46K)
|
Seems like an IPO to get some money out of it before it goes bust. Almost like a SPAC scam.

Reply

Like
N
NYSJ
Today, 4:53 PM

Premium
Comments (3.87K)
|
"CoreWeave (CRWV), which started out mining crypto, rents out access to data centers outfitted with Nvidia's (NVDA) graphic processors. Most of the company's 250,000 GPUs are comprised of Nvidia's (NVDA) Hopper generation."
This is NOT good. I did not realize they do not have Blackwell chips. Ouch!
Blackwell is 40x times faster.

Reply

Like

Another Mountain's Rock Investing
Today, 4:37 PM

Analyst
Premium
Comments (6.1K)
|
If their gaming unit mess up (alienating customer base) is company wide, I suspect Nvidia should be careful making enemies of their very small amount of major data center customers. However, the rasterization vs frame-gen backlash is not exactly comparable to ai reasoning

Reply

Like
More Trending News
About CRWV Stock
Symbol Last Price % Chg
CRWV
40.00 -
Post 39.97 -0.08%
Market Cap
$18.52B
PE
-
Yield
-
Rev Growth (YoY)
736.64%
Short Interest
-
Prev. Close
$40.00
CRWV Ratings
Source Rating Score
SA Analysts
Sell
Rating: Sell1.66
Wall Street
Not Covered
Rating: Not Covered
-
Rating: Not Covered
Quant
Not Covered
Rating: Not Covered
-
Rating: Not Covered
Related Stocks
Symbol Last Price % Chg
CRWV - -
CoreWeave, Inc.
BIYA - -
Baiya International Group Inc.
SAGT - -
Sagtec Global Limited
MCRP - -
Micropolis Holding Company
QSEAU - -
Quartzsea Acquisition Corporation Units

Public safety
SymbolSort by Symbol in descending order Price % Chg
AXON
534.95
-2.85%
CLBT
19.46
-0.76%
FSS
75.18
-4.69%
MSI
432.99
0.15%
TYL
579.66
0.22%
VRRM
20.19
-2.93%
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Go back

Boston Scientific Corporation (BSX) TD Cowen 45th Annual Healthcare Conference (Transcript)
Audio length
01:29
/
00:00
Change Playback Speed1x





Volume in percent

Josh Jennings

And Dan, just to take advantage of your expertise as a CFO for Boston's margin trajectory and historical strong performance, I wanted to just touch on the margin expansion pathway. And I think you've laid this out nicely so sorry to ask you to review it, but gross margin expansion from here.

I mean, I think you and your team have an intense focus to get back to prepandemic margins, and that sounds like it's achievable, increasing R&D, getting SG&A leverage. But maybe just talk about how this operating leverage story is part of -- you said before that it's part of the DNA of the company, maybe how you instilled that and then how we should think about margins as we move through these next couple of years?

Dan Brennan

I would reiterate that. It is part of the DNA of the company. And it's been a great -- global team has done a wonderful job over the last decade of taking what used to be kind of 17%, 18% adjusted operating margin and closing last year at 27% with 70 basis points alone in last year and then this year, another 50 to 75 basis points.

So we look at it and as I mentioned on the revenue growth, we believe there's some scarcity value there versus our peer set and double-digit at that 10% to 12% is exciting. But then you also need to be differentiated margin expansion. It's not just top line, it's margin expansion as well. So at 27.5% to 27.75% at the end of this year at the 50 to 75, that sets us up really well for the rest of the decade.

We've talked about 30% as our long-term goal. When you're at that level, 30% seems really achievable, and we believe that is. So what I like a lot about 2025 is the equation of how -- there's no perfect equation of how to increase margin. But great one is gross margin goes north, SG&A goes south and R&D might tick up a little bit. You spend a little bit more on R&D to grow and fuel the top line for the future. That's what you should see this year in that 50 to 75 basis points.

You mentioned gross margin. We were 72.4% gross margin in 2019. We closed last year at 70.3%. So we have a couple of hundred basis points to get there. The team is maniacally focused on getting there over time as part of the margin expansion journey to get to that 30%. SG&A, when you're growing the top line at 10% to 12%, the 16% last year, the 12% the year before, you get natural leverage points throughout the SG&A cycle. And then R&D, as I said, probably realistic to see us tick up a few basis points this year as we look to continue to fuel that top line. So I really like the equation for 2025, how it's set up.

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Short bets against S&P 500 healthcare stock rises in Feb; MRNA stays top shorted
Mar. 14, 2025 11:55 AM ETThe Health Care Select Sector SPDR® Fund ETF (XLV), SP500, MRNA Stock, RMD Stock, DVA Stock, CRL Stock, ALGN Stock, BDX Stock, JNJ Stock, JNJ:CA Stock, UNH Stock, BSX Stock, LLY Stock, LLY:CA StockBy: Meghavi Singh, SA News Editor

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(6)
Short sellers increased their bets against the broader healthcare sector in February vs. January, and Moderna remained the most shorted stock of the month.

The average short interest for S&P 500 Health Care Index Sector (XLV) came at 1.79%, higher than 1.58% recorded last month.

The S&P 500’s healthcare sector (NYSEARCA:XLV), which has a 12.12% weightage in the broader S&P 500 index, rose 4.55% so far this year, compared to a 6.12% decline in the broader benchmark index.

Stocks with the largest and least short positions
Ranked by short interest as a percentage of shares float


.
. (.)

Moderna (NASDAQ:MRNA)—most shorted—saw short interest rose to 13.19% from 11.84% in January. Looking at Seeking Alpha's Quant Ratings, the biotechnology company focused on developing messenger RNA ((mRNA)) therapeutics and vaccines has a Strong Sell rating with a score of 1.17 out of 5.

The COVID vaccine maker (NASDAQ:MRNA) reported revenue of $966 million for the final quarter of 2024, down 65% year-over-year, and reported a wider loss than expected for the fourth quarter. The drugmaker's sales forecast for 2025 also came in below estimates. "In 2025, we remain focused on driving sales, delivering up to 10 product approvals through 2027, and expanding cost efficiencies across our business," said CEO Stéphane Bancel.

ResMed (NYSE:RMD) came in second with a short interest of 5.99%, followed by DaVita (NYSE biggrin VA) with a short interest of 5.97%.

Eli Lilly (NYSE:LLY) was the least shorted stock in February, with a short interest of 0.85%, followed by Boston Scientific (NYSE:BSX) which came in a close second with a short percentage of 0.88%. Unitedhealth Group (NYSE:UNH) was the third least shorted company in February, with a short percentage of 0.95%.

Industry Analysis

Average short interest as a percentage of floating shares


.
. (.)

Biotechnology was the most shorted industry in the healthcare index in February for the eleventh time in a row. Short interest in this sub-sector rose to 2.63% from 2.34% in January. Healthcare provider and services sector was in the second position with short interest at 1.91% in February end. Pharmaceuticals had the lowest short interest in the month of February, with a short percentage of 1.52%.

More on Health Care Select Sector SPDR® Fund ETF
XLV: With Relative Strength In January And Compelling Valuation, Health Care Earnings On Tap
XLV: Buy Diversity And Growth
Notable healthcare headlines for the week: Walgreens Boots Alliance, AbbVie and Novo Nordisk in focus
Play defense with Goldman's cheap healthcare picks
Seeking Alpha’s Quant Rating on Health Care Select Sector SPDR® Fund ETF

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MRNA 31.12 -3.11%
Moderna, Inc. Post. 31.20 0.26%
RMD 219.94 -1.20%
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-3.57%
NTRA
143.94
-2.94%
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The Stock Market Correction Is Over, Now Comes The Bear Market
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Short bets against S&P 500 healthcare stock rises in Feb; MRNA stays top shorted
Mar. 14, 2025 11:55 AM ETThe Health Care Select Sector SPDR® Fund ETF (XLV), SP500, MRNA Stock, RMD Stock, DVA Stock, CRL Stock, ALGN Stock, BDX Stock, JNJ Stock, JNJ:CA Stock, UNH Stock, BSX Stock, LLY Stock, LLY:CA StockBy: Meghavi Singh, SA News Editor

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Short sellers increased their bets against the broader healthcare sector in February vs. January, and Moderna remained the most shorted stock of the month.

The average short interest for S&P 500 Health Care Index Sector (XLV) came at 1.79%, higher than 1.58% recorded last month.

The S&P 500’s healthcare sector (NYSEARCA:XLV), which has a 12.12% weightage in the broader S&P 500 index, rose 4.55% so far this year, compared to a 6.12% decline in the broader benchmark index.

Stocks with the largest and least short positions
Ranked by short interest as a percentage of shares float


.
. (.)

Moderna (NASDAQ:MRNA)—most shorted—saw short interest rose to 13.19% from 11.84% in January. Looking at Seeking Alpha's Quant Ratings, the biotechnology company focused on developing messenger RNA ((mRNA)) therapeutics and vaccines has a Strong Sell rating with a score of 1.17 out of 5.

The COVID vaccine maker (NASDAQ:MRNA) reported revenue of $966 million for the final quarter of 2024, down 65% year-over-year, and reported a wider loss than expected for the fourth quarter. The drugmaker's sales forecast for 2025 also came in below estimates. "In 2025, we remain focused on driving sales, delivering up to 10 product approvals through 2027, and expanding cost efficiencies across our business," said CEO Stéphane Bancel.

ResMed (NYSE:RMD) came in second with a short interest of 5.99%, followed by DaVita (NYSE biggrin VA) with a short interest of 5.97%.

Eli Lilly (NYSE:LLY) was the least shorted stock in February, with a short interest of 0.85%, followed by Boston Scientific (NYSE:BSX) which came in a close second with a short percentage of 0.88%. Unitedhealth Group (NYSE:UNH) was the third least shorted company in February, with a short percentage of 0.95%.

Industry Analysis

Average short interest as a percentage of floating shares


.
. (.)

Biotechnology was the most shorted industry in the healthcare index in February for the eleventh time in a row. Short interest in this sub-sector rose to 2.63% from 2.34% in January. Healthcare provider and services sector was in the second position with short interest at 1.91% in February end. Pharmaceuticals had the lowest short interest in the month of February, with a short percentage of 1.52%.

More on Health Care Select Sector SPDR® Fund ETF
XLV: With Relative Strength In January And Compelling Valuation, Health Care Earnings On Tap
XLV: Buy Diversity And Growth
Notable healthcare headlines for the week: Walgreens Boots Alliance, AbbVie and Novo Nordisk in focus
Play defense with Goldman's cheap healthcare picks
Seeking Alpha’s Quant Rating on Health Care Select Sector SPDR® Fund ETF

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Related Stocks
Symbol Last Price % Chg
XLV 144.52 -0.31%
The Health Care Select Sector SPDR® Fund ETF Post. 144.00 -0.36%
SP500 5,580.94 -1.97%
S&P 500 Index
MRNA 31.12 -3.11%
Moderna, Inc. Post. 31.20 0.26%
RMD 219.94 -1.20%
ResMed Inc. Post. 219.51 -0.20%
DVA 150.22 -1.50%
DaVita Inc. Post. 149.45 -0.51%
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NVDA 109.67 -1.58%
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WOLF 2.59 -51.86%
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F 9.72 -1.82%
Ford Motor Company Post. 9.73 0.05%
TSLA 263.55 -3.51%
Tesla, Inc. Post. 260.12 -1.30%
PLTR 85.85 -4.71%
Palantir Technologies Inc. Post. 84.65 -1.40%
In The News
Symbol Last Price % Chg
DLR 142.10 -1.97%
Digital Realty Trust, Inc. Post. 141.00 -0.77%
EQIX 803.00 -2.70%
Equinix, Inc. Post. 802.50 -0.06%
AMT 215.56 0.71%
American Tower Corporation Post. 216.00 0.20%
CCI 103.60 0.98%
Crown Castle Inc. Post. 102.27 -1.28%
IRM 85.10 -0.48%
Iron Mountain Incorporated Post. 84.97 -0.15%

Druckenmiller
SymbolSort by Symbol in descending order Price % Chg
ASND
154.68
-2.06%
FLUT
228.82
-3.57%
NTRA
143.94
-2.94%
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The Stock Market Correction Is Over, Now Comes The Bear Market
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Short bets against S&P 500 healthcare stock rises in Feb; MRNA stays top shorted
Mar. 14, 2025 11:55 AM ETThe Health Care Select Sector SPDR® Fund ETF (XLV), SP500, MRNA Stock, RMD Stock, DVA Stock, CRL Stock, ALGN Stock, BDX Stock, JNJ Stock, JNJ:CA Stock, UNH Stock, BSX Stock, LLY Stock, LLY:CA StockBy: Meghavi Singh, SA News Editor

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Comments
(6)
Short sellers increased their bets against the broader healthcare sector in February vs. January, and Moderna remained the most shorted stock of the month.

The average short interest for S&P 500 Health Care Index Sector (XLV) came at 1.79%, higher than 1.58% recorded last month.

The S&P 500’s healthcare sector (NYSEARCA:XLV), which has a 12.12% weightage in the broader S&P 500 index, rose 4.55% so far this year, compared to a 6.12% decline in the broader benchmark index.

Stocks with the largest and least short positions
Ranked by short interest as a percentage of shares float


.
. (.)

Moderna (NASDAQ:MRNA)—most shorted—saw short interest rose to 13.19% from 11.84% in January. Looking at Seeking Alpha's Quant Ratings, the biotechnology company focused on developing messenger RNA ((mRNA)) therapeutics and vaccines has a Strong Sell rating with a score of 1.17 out of 5.

The COVID vaccine maker (NASDAQ:MRNA) reported revenue of $966 million for the final quarter of 2024, down 65% year-over-year, and reported a wider loss than expected for the fourth quarter. The drugmaker's sales forecast for 2025 also came in below estimates. "In 2025, we remain focused on driving sales, delivering up to 10 product approvals through 2027, and expanding cost efficiencies across our business," said CEO Stéphane Bancel.

ResMed (NYSE:RMD) came in second with a short interest of 5.99%, followed by DaVita (NYSE biggrin VA) with a short interest of 5.97%.

Eli Lilly (NYSE:LLY) was the least shorted stock in February, with a short interest of 0.85%, followed by Boston Scientific (NYSE:BSX) which came in a close second with a short percentage of 0.88%. Unitedhealth Group (NYSE:UNH) was the third least shorted company in February, with a short percentage of 0.95%.

Industry Analysis

Average short interest as a percentage of floating shares


.
. (.)

Biotechnology was the most shorted industry in the healthcare index in February for the eleventh time in a row. Short interest in this sub-sector rose to 2.63% from 2.34% in January. Healthcare provider and services sector was in the second position with short interest at 1.91% in February end. Pharmaceuticals had the lowest short interest in the month of February, with a short percentage of 1.52%.

More on Health Care Select Sector SPDR® Fund ETF
XLV: With Relative Strength In January And Compelling Valuation, Health Care Earnings On Tap
XLV: Buy Diversity And Growth
Notable healthcare headlines for the week: Walgreens Boots Alliance, AbbVie and Novo Nordisk in focus
Play defense with Goldman's cheap healthcare picks
Seeking Alpha’s Quant Rating on Health Care Select Sector SPDR® Fund ETF

3
Share

Save

Print
Comments
(6)
Recommended For You
Comments (6)
Sort by
Newest

Related Stocks
Symbol Last Price % Chg
XLV 144.52 -0.31%
The Health Care Select Sector SPDR® Fund ETF Post. 144.00 -0.36%
SP500 5,580.94 -1.97%
S&P 500 Index
MRNA 31.12 -3.11%
Moderna, Inc. Post. 31.20 0.26%
RMD 219.94 -1.20%
ResMed Inc. Post. 219.51 -0.20%
DVA 150.22 -1.50%
DaVita Inc. Post. 149.45 -0.51%
Most Active
Symbol Last Price % Chg
NVDA 109.67 -1.58%
NVIDIA Corporation Post. 109.01 -0.60%
WOLF 2.59 -51.86%
Wolfspeed, Inc. Post. 2.64 1.93%
F 9.72 -1.82%
Ford Motor Company Post. 9.73 0.05%
TSLA 263.55 -3.51%
Tesla, Inc. Post. 260.12 -1.30%
PLTR 85.85 -4.71%
Palantir Technologies Inc. Post. 84.65 -1.40%
In The News
Symbol Last Price % Chg
DLR 142.10 -1.97%
Digital Realty Trust, Inc. Post. 141.00 -0.77%
EQIX 803.00 -2.70%
Equinix, Inc. Post. 802.50 -0.06%
AMT 215.56 0.71%
American Tower Corporation Post. 216.00 0.20%
CCI 103.60 0.98%
Crown Castle Inc. Post. 102.27 -1.28%
IRM 85.10 -0.48%
Iron Mountain Incorporated Post. 84.97 -0.15%

Druckenmiller
SymbolSort by Symbol in descending order Price % Chg
ASND
154.68
-2.06%
FLUT
228.82
-3.57%
NTRA
143.94
-2.94%
Seeking Alpha - Power to Investors
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The Stock Market Correction Is Over, Now Comes The Bear Market
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The 9 sectors shedding the most jobs — with AI automating over 12,000 in one of them
©RUNSTUDIO/ Getty Images
Although layoffs remain low overall, job cuts are increasing in some areas of the economy.
Companies are laying off workers, slowing hiring, and turning to AI to cut costs.
These are the top 9 industries with the most layoffs, according to Challenger, Gray & Christmas.
All eyes have been on the job market as investors wait to see if the economy will reach a soft landing.

Layoffs have remained low this year, and the September jobs report revealed that several industries such as healthcare, government, social assistance, and construction are steadily adding jobs.

But there are signs that layoffs are creeping up and job openings are drying up, according to an analysis by human resources firm Challenger, Gray & Christmas, which specializes in career transition and outplacement services.

Challenger, Gray & Christmas examined the latest Job Openings and Labor Turnover Survey (JOLTS) and found that companies have announced 609,242 job cuts so far in 2024, an increase of 0.8% from this time last year. US employers announced 72,821 cuts in September alone, a 53% increase from September of last year.

Layoffs are being exacerbated by AI, the firm found. Companies are finding ways to adopt the technology and replace jobs. AI was responsible for 5,616 job cuts in September and 12,742 in 2024 overall. So far, all of these layoffs have been within the technology industry.

Employer hiring plans are also on the decline. US employers announced 403,891 planned hires in September, a 32% decrease from this time last year. This decrease is especially significant given that September is historically a peak hiring month, as employers scramble to fill positions before the end of the fiscal year and the holiday season.

These signs point to companies trying to boost profitability in a slowing economy through cost cutting initiatives such as automating jobs with AI or reducing labor costs. In September, cost-cutting was cited as the reason for 15,750 layoffs. Another 14,054 were due to store closings, and 6,933 were due to general market conditions.

"We're at an inflection point now, where the labor market could stall or tighten. It will take a few months for the drop in interest rates to impact employer costs, as well as consumer savings accounts," the firm's Senior Vice President Andrew Challenger said.

The 9 sectors shedding the most jobs
Technology topped the list for the most amount of layoffs of any sector this year. While tech layoffs aren't as rampant as in recent years, they remain elevated as companies recalibrate from pandemic overhiring.

Although blue-collar workers are historically most impacted by economic downturns and layoffs, elevated tech sector job cuts indicate that white-collar jobs are at stake at the moment. And with a significant portion of these layoffs coming from AI adoption, it seems like there's more job disruption in the cards.

But tech isn't the only area seeing a cooling job market. Below, we've listed the 9 parts of the economy with the greatest amount of layoffs in 2024, as well as the increase or decrease compared to this time last year.