+1.65% to $62.13 from $61.12
What moved CRWV
- CoreWeave fell further in premarket trading, down roughly 3%-4%, after oil prices climbed above $110 a barrel and investors pulled back from risk broadly.
- HSBC maintained a Reduce rating with a $39 price target, arguing the stock has roughly 36% downside, even as JPMorgan and Cantor Fitzgerald stayed bullish.
- The spread on CoreWeave’s five-year credit default swaps rose back toward levels last seen the prior Thursday, reflecting renewed investor concern over its debt.
- The stock traded near $58.57 in premarket activity, down roughly 55% from its early-May high near $138.
Sources: TipRanks · Invezz · Benzinga
-15.46% to $65.78 from $77.81
What moved CRWV
- Shares plummeted roughly 15% intraday, one of the steepest drops among AI infrastructure names.
- The slide followed a social media post showing the company’s bond yield had reached about 15%, unsettling investors already worried about rising borrowing costs.
- The move came alongside a broader sell-off in AI-related stocks after a hotter-than-expected September inflation report raised bets on further Federal Reserve rate hikes.
- The decline reignited scrutiny of CoreWeave’s debt load, which commentators have flagged as a central risk for the company’s continued AI data-center expansion.
Sources: The Motley Fool · CNBC · Nasdaq
+4.95% to $91.72 from $87.39
What moved CRWV
- CoreWeave shares rose as part of a broader rebound in AI-infrastructure “neocloud” names, alongside gains in peer Nebius.
- The move extended a rally driven by renewed investor enthusiasm for companies that rent out AI computing capacity.
Sources: 24/7 Wall St. · CNBC
+0.16% to $86.90 from $86.76
What moved CRWV
- UBS analyst Karl Keirstead started coverage of CoreWeave with a Buy rating and a $120 price target.
- Keirstead said Street sentiment remains very cautious, reflected in a roughly 3-times 2027 revenue multiple, but argued the main worries around leverage and credit risk are peaking.
- He pointed to durable AI compute demand as a key growth driver for the company.
Sources: CNBC · Yahoo Finance · Benzinga
+2.42% to $90.32 from $88.19
What moved CRWV
- CoreWeave posted a second-quarter loss of $1.14 per share on revenue of $2.5 billion, a narrower loss than the $1.41 per share analysts had forecast.
- The company’s sales backlog stood at $104 billion, with an additional $25 billion of commitments already earmarked for the third quarter.
Sources: Yahoo Finance
+7.16% to $91.90 from $85.76
What moved CRWV
- Shares climbed about 8.8% to $93.28 in morning trading after the company announced its expansion into Indonesia.
- The Indonesia expansion marks CoreWeave’s first data-center presence in the Asia-Pacific region, adding three facilities totaling 360 megawatts of contracted IT power expected online in 2028.
- Piper Sandler initiated coverage of the stock with an Overweight rating and a $151 price target.
Sources: Investing.com · Bloomberg
+19.49% to $85.76 from $71.77
What moved CRWV
- Shares rallied as part of a broad risk-on move across AI-cloud stocks, coinciding with optimism from Big Tech earnings.
- Truist upgraded the stock to Buy after a recent pullback, citing strong AI compute demand and CoreWeave’s position among specialized cloud providers.
- The move followed an Evercore forecast that CoreWeave, alongside xAI and IREN, would make up the bulk of Dell’s projected fiscal 2027 AI server revenue.
Sources: 24/7 Wall St. · Benzinga · Timothy Sykes