How much did CoreWeave shares fall in October?

They fell more than a third in October, with the stock down nearly 40% in the past month.

What is Nvidia's involvement in CoreWeave?

Nvidia supplies the chips, owns about 9% of the company, and has committed to buy up to $6.3 billion of its capacity if no other customer does.

What did Jensen Huang say about CoreWeave's financing costs?

Speaking on Oct. 15, he said CoreWeave needs no backstop from the chipmaker and that "their cost of capital is actually decreasing."

AI Stocks & MarketsAI Business & IndustryYahoo Finance AI9h agoOct 26, 2026, 16:01 JST

CoreWeave slides a third in October on $52 billion debt load

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3 Key Points

What happened
CoreWeave shares dropped more than a third in October, with its unsecured bonds yielding about 15% and credit default swap spreads passing 11%, despite roughly $2.5 billion in second-quarter revenue, up 112% year over year.
Why it matters
Nvidia supplies its chips, owns about 9% of CoreWeave, and has committed to buy up to $6.3 billion of capacity if no other customer does, so a weak refinancing could reset borrowing costs for debt-funded GPU buildouts, including miners like Core Scientific converting to AI.

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Context & Analysis

CoreWeave's origin story matters here. It was founded in 2017 as Atlantic Crypto, mining Ethereum on GPUs, and renamed itself CoreWeave in 2019 after repurposing that hardware to rent out computing power. That pivot links it to the crypto-mining complex even now: it has leased space from Core Scientific, a bitcoin miner shifting toward AI hosting, whose shareholders blocked a $9 billion CoreWeave takeover in October 2025.

The strain is not isolated to one company. Nebius and IREN have each fallen at least 30% this month, alongside CoreWeave, per CNBC. Jensen Huang's Oct. 15 comment that CoreWeave's cost of capital is decreasing came a day after the stock sank 15%, its steepest one-day fall since February, suggesting the company's message and the market's reaction are not aligned.

A weak CoreWeave refinancing could therefore reset borrowing costs for every debt-funded GPU buildout, including miners such as Core Scientific that are converting to AI. That is the transmission channel the debt markets are pricing, even as revenue growth remains strong.

FAQ

How much did CoreWeave shares fall in October?: They fell more than a third in October, with the stock down nearly 40% in the past month.
What is Nvidia's involvement in CoreWeave?: Nvidia supplies the chips, owns about 9% of the company, and has committed to buy up to $6.3 billion of its capacity if no other customer does.
What did Jensen Huang say about CoreWeave's financing costs?: Speaking on Oct. 15, he said CoreWeave needs no backstop from the chipmaker and that "their cost of capital is actually decreasing."

Yahoo Finance AIRead Original Article

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