CoreWeave shares plummeted 14% to 16% on October 14, 2026, falling to around $68. The company’s $1.25 billion unsecured bonds due in 2032 saw yields surge to 15%, reflecting deteriorating credit market sentiment. Other neocloud players like Nebius and IREN also declined between 9% and 15% in the same session. Research firm Gartner warned that up to 80% of neocloud providers could fail to operate independently by 2030 if operating revenue does not match planned capital expenditures. Critical commentary from investor Chamath Palihapitiya about a potential bubble in AI-backed private credit added to market concerns.
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