StocksMediumUpdated•Originally published 14 October 2026•Updated 14 October 2026•
1 min read
CoreWeave Stock Plunges 10% Following Gartner Warning on Neocloud Viability
Key Facts
1CoreWeave stock fell 10% to $70.37 in morning trading.
2The company's bond yields touched 15%, reviving concerns over how it finances AI chips.
3Nebius shares dropped 6% and Oracle slipped alongside CoreWeave's decline.
CoreWeave stock fell 10% to $70.37 in morning trading, according to 247wallst.com. The decline was intensified by a Gartner report predicting that 80% of neocloud providers could vanish by 2030, raising significant concerns regarding the company's long-term viability.
The sell-off coincided with the company's unsecured bond yields touching 15% following social media comments from Elon Musk. Regarding prior performance, CRWV closed at $77.81 on October 13, 2026, while NBIS closed at $206.86 and ORCL closed at $143.20 on the same date.