CoreWeave shares plunged 15.5% on October 14, according to an October 17 market analysis. A sell-off in the company’s bonds triggered the decline and raised concerns over AI data center financing. Yields on CoreWeave’s 2032 notes reached 15% during the episode.
The stock staged a partial recovery after Nvidia’s chief executive defended the firm. Several brokers also supported the rebound by reiterating Buy ratings.
CoreWeave reported a debt load of approximately $35.1 billion in the second quarter. Negative free cash flow projections continue to impact investor sentiment.