StocksMediumUpdated×2•Originally published 4 March 2026•Updated 4 March 2026•
1 min read
CoreWeave Market Value Plunges $13 Billion as Shares Drop 26% in Five Days
Key Facts
1CoreWeave has a $66 billion backlog, with nearly all 2026 capacity already allocated under take-or-pay agreements.
2The company guides for a $17-19 billion exit run-rate in 2026 and over $30 billion in 2027.
3The company plans heavy capital expenditure of $20-25 billion in 2026 to support infrastructure expansion.
CoreWeave shares have faced a severe sell-off, accumulating losses of 26% over the last five trading days. This downturn has wiped approximately $13 billion off the company's market capitalization, which now stands at $37 billion. The sharp decline comes despite a massive $66 billion backlog and projected EBITDA margins of nearly 70%. Investors appear increasingly spooked by the company's ballooning debt, used to fund a $25 billion capital expenditure plan for AI infrastructure. While CoreWeave targets a $30 billion revenue run-rate by 2027, the immediate focus has shifted to its high leverage. This rapid valuation correction highlights growing market sensitivity toward the financing costs of the AI boom.