On October 14, 2026, CoreWeave shares fell approximately 15 to 16 %, closing around $65 to $66. The company’s unsecured 2032 bonds were trading below 80 cents on the dollar with yields hovering near 15 %. CEO Mike Intrator defended the firm by pointing to a revenue backlog of $104.2 billion as of Q2 2026 and over $25 billion in net-new customer commitments in Q3 2026. The key question for investors is whether contracted revenues will be sufficient to outrun financing costs in a high-rate environment. CoreWeave went public in March 2025 at $40 per share.
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