CoreWeave drops as debt load compounds AI buildout concerns

IREN

16/10/2026 15:25

Updates
** Shares of neocloud firm CoreWeave CRWV.O fall 7.3% to $64.6
** The stock is on track for its worst week since November 2025
** CRWV down 15.1% for the week, as of last close
** Its $50 bln debt load and the broader cost of the AI buildout have raised investor concerns, causing the company's shares to fall
** The slump has fueled a global rout in AI stocks, with concerns that future revenue from the technology may not keep pace with heavy spending
** Other neocloud firms also declined, with Nebius NBIS.O down 5.9% and IREN IREN.O sliding 5.2%
** 31 of 45 brokerages rate the stock "buy" or higher, 12 "hold" and 2 "sell" or lower; median PT is $147.50
** Including session's move, CRWV down 10% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))