CoreWeave (CRWV) Stock Reverses Losses Despite Mounting Debt Pressure

TLDR

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CRWV stock surged nearly 10% within 45 minutes after falling to a 17-month low.
CoreWeave reportedly raised hourly GPU prices by another 10%, following July’s 25% increase.
Goldman Sachs upgraded CoreWeave to Buy despite reducing its price target to $106.
CoreWeave faces continued scrutiny over borrowing costs as some bond yields exceed 15%.

CoreWeave (CRWV) shares reversed a steep morning decline on Tuesday, October 20, as CRWV stock surged nearly 10% within 45 minutes. Market commentator Shay Boloor flagged the rapid move after shares briefly fell below $60.

CoreWeave, Inc. Class A Common Stock, CRWV

The rebound followed another difficult week for the AI cloud provider. Its shares had fallen more than 20% since last Tuesday, when they traded near $80, amid wider concerns about financing data centers. Chipmakers and other cloud providers also faced heavy selling as investors reconsidered costs across AI infrastructure.

CRWV Stock Rebounds From 17-Month Low

CoreWeave touched roughly $57.24 in early trading, its lowest level since May 2025, before recovering above $60. The shares later traded more than 4% higher, although prices continued shifting during the session.

Monday brought little relief despite a Goldman Sachs rating upgrade. The company closed at $61.12, down 0.44%, while an earlier rebound in semiconductor stocks showed how uneven the technology recovery remained.

Goldman upgraded CoreWeave from Neutral to Buy but reduced its price target to $106 from $139. The bank cited tight AI computing capacity while acknowledging uncertainty around future borrowing costs.

CoreWeave Reportedly Raises GPU Prices Again

Rosenblatt Securities analyst John McPeake told The Information that CoreWeave disclosed another 10% increase in hourly GPU prices at a recent San Francisco customer conference. The company had already raised prices earlier this year.

During its August earnings call, Chief Financial Officer Nitin Agrawal reported an approximately 25% increase across products in July. The pricing news came as a wider AI infrastructure selloff followed stronger September inflation figures.

Agrawal said CoreWeave passed higher component costs, including GPU expenses, to customers. Analysts have described the later increase as further evidence of firm demand for rented computing power.

Debt Concerns Continue Despite Recovery

CoreWeave reported approximately $35.1 billion in borrowings and $16.3 billion in operating lease liabilities at June’s end. Last week, yields on some company bonds exceeded 15%, reflecting investors’ demands for greater returns.

The company has defended its financing structure, citing long-term customer contracts and a roughly $104 billion revenue backlog. A recent review of CoreWeave’s borrowing costs detailed its interest expenses and debt commitments. Chief Executive Mike Intrator acknowledged market volatility in a staff memo, according to The Information.

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