CoreWeave Shares Drop Over 6% Amid Debt Concerns and Nvidia Leadership Changes
CoreWeave (CRWV) shares fell 6.13% to close at $53.13 on November 13, 2026, as investors reacted to reports of the company seeking $4 billion in additional loans to expand its AI infrastructure. Despite reporting a massive 168% revenue increase to $3.7 billion in Q3 and raising its 2026 guidance to over $13 billion, concerns regarding the company's high leverage—exceeding $40 billion in debt—weighed heavily on the stock. The sell-off was further exacerbated by uncertainty following the resignation of Nvidia CEO Jensen Huang on November 12. As a major strategic partner and shareholder, Nvidia's leadership change has raised questions regarding CoreWeave's future relationship with the semiconductor giant. The decline in CRWV mirrored broader weakness in the AI-cloud sector, with peers like Nebius Group and IREN also seeing significant losses.
Topics: AI cloud infrastructure Nvidia CEO resignation stock price decline trading volume