CoreWeave shares fell more than 15% in a single day in mid-October 2026 and nearly 25% over the week ending around October 16, fueling concerns about its roughly $50 billion debt load. In 2025, the AI computing capacity provider generated $5.1 billion in revenue but also recorded a $1.2 billion net loss, while its 2026 capital expenditure guidance stands at $35 billion to $39 billion. Implied yields on its notes maturing between 2030 and 2032 climbed toward 15% to 16%, and its credit default swaps indicated a roughly 60% probability of default within five years. Goldman Sachs and UBS view the decline as a buying opportunity based on strong demand for AI computing capacity, while HSBC and Bernstein fear that high interest expenses could undermine long-term economics. Gartner estimates that 80% of specialized providers could cease independent operations by 2030 and warns of potential infrastructure impairments exceeding $3.5 trillion.
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