CoreWeave Shares Plummet 20.83% as $4.64 Billion Volume Ranks 16th in Market Activity

On August 13, 2025, CoreWeave (CRWV) closed with a 20.83% decline, its shares trading at $4.64 billion in volume, ranking 16th in market activity. The drop followed a sharp premarket selloff amid concerns over the AI infrastructure provider’s widening losses and escalating financial strain.

CoreWeave reported a second-quarter net loss of $290.5 million, far exceeding analyst expectations of $190.6 million. Operating expenses surged nearly fourfold to $1.19 billion, highlighting the challenge of balancing rapid revenue growth with profitability. Analysts criticized the company’s heavy reliance on key clients, such as OpenAI, and its deteriorating debt coverage. With $8 billion in outstanding debt, CoreWeave had planned to use $1 billion of its March IPO proceeds for debt repayment but faces ongoing pressure to scale infrastructure amid surging AI demand.

The stock’s volatility intensified as its lock-up period expired, allowing insiders to sell shares for the first time since its public listing. Deutsche Bank attributed the premarket sell-off to anticipation of the lock-up expiry rather than new fundamental concerns. Meanwhile, CoreWeave announced a $6 billion investment in a Pennsylvania data center, aiming to expand capacity for clients demanding high-performance computing. CEO Michael Intrator emphasized infrastructure constraints, particularly access to power, as a critical barrier to growth.

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