CoreWeave Shares Drop 15% After Jim Cramer’s Praise
Current overview (not historical)
CoreWeave’s stock plunged nearly 15% on Wednesday, a day after CNBC host Jim Cramer declared the company his sole trusted tech investment. The sharp sell‑off was largely driven by a surge in U.S. Treasury yields to 15%, exposing CoreWeave’s heavy debt load of $520 billion—well above its $370 billion market cap—and a steep $640 million interest expense. The stock now trades around $65.93, falling short of analysts’ lowest target of $74. Despite Cramer’s endorsement, the company’s financial leverage and the broader bond‑rate environment have dampened investor confidence, leaving the market wary of CoreWeave’s ability to service its debt amid rising borrowing costs.
Written with AI from the reporting · updated 10/14/2026
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- 1Unclassified fact stationOct 14, 00:00recorded Oct 15, 02:23single source
CoreWeave stock fell nearly 15%
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- Subject：
- CoreWeave
- Action：
- stock price declined
- Object：
- CRWV stock
- Occurred (fact side)：
- Oct 14, 00:00
- Published (valid side)：
- Oct 15, 00:05
- First seen (known side)：
- Oct 15, 02:23
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- BeInCryptoRelated fact: single sourceCoreWeave Stock Drops Nearly 15% After Cramer Endorsement Amid Bond Sell-off
Report first recorded Oct 15, 02:23
CoreWeave stock fell nearly 15% on Wednesday, less than a day after Jim Cramer called it the only neocloud company he trusts. The decline followed a sell-off in CoreWeave’s bonds, pushing the yield on $1.25 billion of 2032 bonds to 15%. CoreWeave, which rents Nvidia chips to AI developers, has total debt of about $52 billion by June, exceeding its roughly $37 billion stock market value. The company's interest bill jumped to $640 million in the April-to-June quarter, even as revenue more than doubled to $2.58 billion. Currently trading at $65.93, the stock is below the lowest analyst target of $74, despite 20 of 27 analysts rating it a Buy.
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