CoreWeave's stock has dropped over 40% recently amid concerns about its heavy debt and rapid GPU depreciation, despite a $104 billion revenue backlog and strong growth. The company rents NVIDIA GPUs to major AI and tech firms like Meta and OpenAI, with Q2 revenue up 112% year-over-year. However, rising depreciation and interest costs consume much of its profits, and heavy reliance on a few large clients increases risk. The upcoming third-quarter results will be crucial to see if CoreWeave can improve margins and manage debt effectively to justify a potential stock recovery.
CoreWeave trades at USD 48.97 on Pluang, down 8.88% as of Nov 04, 2026 23:01 WIB. Its market cap stands at $29.64 billion with a high enterprise value of $75.71 billion. Nvidia shares, crucial to CoreWeave's business, are priced at USD 202.75, down 1.91%, showing broader tech sector pressure.
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