CoreWeave Surges to 205th Most Traded Stock with $603 Million Turnover Amid Debt Management and AI Expansion

CoreWeave (CRWV) experienced a significant surge in trading volume on May 12, 2025, with a turnover of $603 million, marking a 45.7% increase from the previous day. This substantial rise in trading activity positioned CoreWeave as the 205th most traded stock of the day. The company's stock price also saw a notable increase, rising by 13.86%.

CoreWeave is actively addressing its substantial debt load of $8 billion, just weeks after its initial public offering (IPO). The company is planning to raise $1.5 billion through a high-yield bond offering, with JPMorgan as its advisor. This move is crucial as CoreWeave faces $7.5 billion in debt payments by 2026, much of which is tied to high-interest loans secured against Nvidia chips and key contracts with Microsoft.

In addition to managing its debt, CoreWeave is strategically expanding its AI infrastructure. The company has acquired Weights & Biases, aiming to enhance its position as a leading AI Cloud Platform. This acquisition, supported by Evercore and Morgan Stanley, is expected to integrate CoreWeave's Nvidia-powered data centers with Weights & Biases' AI developer platform, creating a seamless AI tech stack. This integration is designed to accelerate development while maintaining interoperability across multiple frameworks and models.

Despite a significant increase in revenue from $16 million in 2022 to $1.9 billion in 2024, CoreWeave remains heavily leveraged. Nvidia holds a 5% stake in the company and has invested $250 million in its IPO. CoreWeave is now looking to public credit markets to refinance its debt, betting on the continued expansion of AI to drive future revenue growth. The company's ability to balance aggressive expansion with its looming debt obligations will be critical in determining its trajectory in the competitive AI infrastructure landscape.