CoreWeave (CRWV) shares have fallen 24% over the past week to their lowest level since shortly after their IPO last March, after Chamath Palihapitiya posted a chart showing yields on the company's debt rising as high as 15%. In its second quarter, revenue rose 112% to $2.58 billion, but the company posted a GAAP net loss of $626 million, driven by $640 million in interest expense, and negative free cash flow of $10.5 billion over the first half. Fed Chair Kevin Warsh has vowed to bring inflation back to target, including by raising rates, which hurts CoreWeave because most of its debt is floating-rate and it spends roughly a quarter of revenue on debt service. The company holds a $104 billion revenue backlog, but $10.6 billion of debt comes due by the end of next year, and refinancing it will be a key test. Its Nov. 11 earnings report could be pivotal.
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CoreWeaveKevin Warshinterest ratesbondscloud computing
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▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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