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October 16 - ** Shares of new cloud service company CoreWeave CRWV.O fell 7.3% to $64.6
** This week, the stock may be on track for its worst weekly performance since November 2025
** As of the close of the previous trading day, CRWV has fallen 15.1% this week
** The company's massive $50 billion debt load (link) and broad costs tied to AI infrastructure have raised investor concerns, resulting in the share price drop
** The plunge intensified a global sell-off in AI stocks, as the market worries that future revenue from the technology may not keep pace with soaring expenditures
** Other new cloud companies also saw share declines, with Nebius NBIS.O down 5.9% and IREN IREN.O down 5.2%
** Of 45 brokers, 31 rate the stock “Buy” or higher, 12 rate it “Hold”, and 2 rate it “Sell” or lower; the median target price is $147.50
** Including today's drop, CRWV is down 10% year to date
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