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StocksMediumUpdated×2•Originally published 27 February 2026•Updated 27 February 2026•

1 min read

CoreWeave Stock Plunges 20% Following Earnings and CEO Defense on CNBC

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Key Facts

1CoreWeave shares slumped around 12% before the bell on Friday.

3 months ago

Version History

Version 23 months ago

What changed: The story was updated to include details of the CEO's interview on CNBC on Friday and to clarify that the stock decline was a direct response to the earnings release and profitability concerns.

Version 13 months ago

What changed: The stock sell-off intensified from 12% to 20% following disappointing revenue guidance and the CEO's intervention to address debt and infrastructure strategy.

CoreWeave's stock decline deepened to 20% following the release of its latest earnings report, which triggered significant concerns over the company's future profitability. The sell-off was primarily driven by disappointing revenue guidance and the firm's controversial plan to double its capital expenditure CapEx to bolster AI infrastructure. During an interview on CNBC's 'Squawk on the Street' on Friday, CEO Mike Intrator defended the aggressive spending strategy, maintaining it is essential to meet surging market demand. Intrator also addressed the company's rising debt levels, attempting to alleviate investor anxiety regarding financial leverage and liquidity. Despite these assurances, the market remains cautious about whether the massive infrastructure investment will translate into actual profit margins. The sharp drop reflects growing skepticism over the company's ability to deliver sustainable returns amid a volatile tech landscape.