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CoreWeave stock drops 60% amid fears over $51B debt and default risks

Market News
28 Oct 2026, 16:55 WIB
Seeking Alpha
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Bearish
CoreWeave stock drops 60% amid fears over $51B debt and default risks

CoreWeave, Inc.'s stock has fallen about 60% from its May highs due to growing concerns over its large debt load, which stands at $35.1 billion with total obligations estimated at $51 billion. This heavy debt raises serious questions about the company's financial sustainability and the risk of default. Despite these risks, the stock is currently priced low enough that some investors see potential for a short-term rebound. Overall, the market remains skeptical about CoreWeave's debt-driven AI infrastructure business model.

CoreWeave's struggles with its heavy debt burden are reflected in its stock price, which remains well below its 52-week high. On Pluang, CRWV trades at USD 59.47, down 0.17% as of Oct 28, 2026 21:11 WIB, with a market cap of $32.86 billion. Despite the recent downturn, buying interest is strong, with 68% of order activity on Pluang being buys and a typical hold time of 11 days.

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