Cava Group Plunges, On Holding Drops, CoreWeave Falls as AI Buildout Costs Deepen Losses
On this episode of Stock Movers:- Cava Group (CAVA) shares plunge after the company trimmed its annual sales guidance, citing slower quarterly sales growth. The company now forecasts sales at established locations to expand at most 6% this year, down from a previous forecast of as much as 8%.- On Holding (ONON) shares drop after Jefferies downgraded the Swiss sneaker maker and set a new Street-low price target, with analysts arguing sales growth is peaking and that valuation multiples will compress as growth slows. - CoreWeave (CRWV) shares fall after the cloud-computing provider reports a…
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