Shares of CoreWeave fell by 14% to 16% on October 14, 2026, reaching lows of approximately $68. This decline triggered a broader selloff among other AI-focused cloud providers, with Nebius and IREN experiencing drops between 9% and 15% during the same session.
Yields on CoreWeave’s $1.25 billion in unsecured bonds, maturing in 2032, reached an intraday peak of 15% before closing at roughly 14.5%. Following these market movements, traders increased their activity in put options on CoreWeave stock as a form of downside protection.
Market sentiment was further influenced by public commentary from investor Chamath Palihapitiya and Elon Musk regarding potential risks in AI-backed private credit. Additionally, a report from Gartner warned that up to 80% of neocloud providers could lose their independence by 2030 if revenue does not align with capital expenditures.
