CoreWeave drops as debt load compounds AI build-out concerns

By Reuters News08:51 (UTC), 16 October 2026 Updated

** Shares of Neocloud firm CoreWeave CRWV.O fall 3.8% to $67.1 premarket

** Stock on track for its worst week since mid August

** CRWV down 15.1% for the week as of last close

** Co's $50 bln debt load and the broader cost of the AI build-out have raised investor concerns, causing shares to slump

** 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 and IREN IREN.O down about 0.5%

** 31 of 45 brokerages rate the stock "buy" or higher, 12 "hold" and two "sell" or lower; median PT is $147.50

** As of last close, CRWV down 2.7% YTD

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