Published: November 25, 2025 – Informational only, not investment advice.
CoreWeave, Inc. (NASDAQ: CRWV) is back in the spotlight today as its share price slides again while Cathie Wood’s ARK Invest steps in to buy more than 400,000 shares after a brutal 45% drop over the past month. [1]
At the same time, fresh analysis pits CoreWeave against Amazon as a pure-play AI cloud bet, and new commentary from bond-market watchers is raising uncomfortable questions about how much debt the “neocloud” leaders – including CoreWeave – have taken on to fund their GPU arms race. [2]
Below is a rundown of all the key CoreWeave stock news dated November 25, 2025, plus the context investors are trying to piece together today.
CoreWeave Stock Price Action on November 25, 2025
According to intraday and end-of-day data, CoreWeave shares are having another volatile session:
- Last price (Nov. 25, 2025): around $70–71 per share, with historical data showing a close near $70.88, down about 3.7% on the day. [3]
- Intraday range: roughly $66.01 – $71.73, highlighting continued high volatility. [4]
- Market cap: around $34–35 billion, depending on the intraday quote. [5]
- 52‑week range: approximately $33.52 – $187.00, meaning CRWV now trades at less than half of its late‑June peak but still well above its $40 IPO price from March 2025. [6]
GuruFocus notes that despite the recent plunge, CoreWeave is still up about 88.7% year to date, underlining how violent the boom‑and‑bust swings have been since the IPO. [7]
Today’s Big Headline: Cathie Wood’s ARK Buys 400,000+ CRWV Shares
Two separate items today confirm that Cathie Wood is aggressively buying the dip in CoreWeave:
- GuruFocus reports that ARK Invest purchased more than 400,000 CRWV shares on Monday, spread across the ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). ARKK added 396,178 shares, boosting the position to about $52.4 million and making CoreWeave the ETF’s 41st-largest holding, while ARKW added 41,167 shares, making CRWV its 19th-largest holding. [8]
- Seeking Alpha similarly highlights that ARK “moved decisively” after a nearly 45% slide over the past month, underscoring Wood’s willingness to lean into volatility in high‑growth AI infrastructure names. [9]
A companion article syndicated today (“Cathie Wood Goes Shopping: 3 Stocks She Just Bought”) explains some of the bullish thesis: CoreWeave’s revenue more than doubled last year to $1.9 billion and is expected to top $5 billion in 2025, with analysts forecasting revenue to climb toward $12 billion in 2026. The article also notes a massive $55.6 billion revenue backlog as of June, even as the company remains unprofitable while it pours cash into capacity. [10]
From a sentiment standpoint, ARK’s buying sends a clear message: some growth investors see the recent sell‑off as an opportunity, not a death knell.
New Research Note: CRWV vs. Amazon as an AI Cloud Bet
A fresh Zacks analysis published this morning and carried by Nasdaq and TradingView – “CRWV vs. AMZN: Which Cloud AI Infrastructure Stock Is the Better Buy?” – frames today’s debate for growth investors: CoreWeave versus Amazon’s AWS. [11]
Key points from the report:
- Positioning:
- CoreWeave focuses almost entirely on GPU‑optimized infrastructure for AI workloads, built around Nvidia H100 / Blackwell‑class systems.
- Amazon, via AWS, remains the dominant general‑purpose cloud and a huge player in AI compute, but CRWV is the more focused “AI first” story. [12]
- Growth & backlog:
- In the latest quarter, CoreWeave’s revenue grew 134% year over year, and revenue backlog surged to more than $55 billion, reflecting multi‑year AI training and inference commitments. [13]
- Active power capacity reached about 590 MW, with contracted power exceeding 2.9 GW and over 1 GW of that still to be monetized as new data centers come online. [14]
- Mega‑contracts:
- A multi‑year deal worth up to $14.2 billion with Meta, plus an expanded partnership with OpenAI worth up to $6.5 billion (bringing total OpenAI commitments to about $22.4 billion), are highlighted as anchors of the backlog. [15]
The takeaway from Zacks: CoreWeave offers far faster top‑line growth and AI‑specific leverage than Amazon, but with materially higher risk around profitability, leverage, and execution. [16]
Bond Market Jitters: $90 Billion in AI Data‑Center Debt
Another piece of new November 25 coverage comes from 24/7 Wall St., titled “$90 Billion In Bonds Adds To AI Market Pressure.” [17]
In it, analysts Eric Bleeker and Austin Smith discuss:
- Roughly $90 billion in bonds tied to AI infrastructure players, a universe that includes CoreWeave and fellow “neocloud” operators.
- Growing investor unease about whether all of these heavily indebted GPU data‑center companies can service their obligations if credit conditions tighten.
- Specific concern that companies like CoreWeave may face mounting skepticism about the viability of their bonds and even potential default risk if market access deteriorates. [18]
These macro concerns dovetail with yesterday’s bearish Seeking Alpha column, “CoreWeave: Where The AI And Private Credit Bubbles Collide,” which points to:
- Capex guidance of roughly $13 billion for 2025,
- Revenue that grows rapidly but not yet translating to sustainable profits, and
- Heavy reliance on capital markets to fund ongoing build‑outs. [19]
Together, today’s bond‑market commentary and recent equity research add up to a clear narrative: CoreWeave’s growth is extraordinary, but it is being financed with a lot of expensive debt in a market that might not stay this forgiving forever.
Under the Hood: Q3 2025 Fundamentals Still Look Explosive
Investors parsing today’s headlines are doing so against the backdrop of CoreWeave’s November 10 Q3 2025 earnings, which were objectively strong on the top line:
- Q3 revenue:$1.36 billion, up 133–134% year over year, beating expectations. [20]
- Adjusted EBITDA: about $838 million, up 121% YoY, implying hefty adjusted margins. [21]
- Net loss:–$110.1 million, a big improvement from –$359.8 million a year earlier, but still firmly in the red. [22]
- Revenue backlog:$55.6 billion, nearly double the prior level, supported by OpenAI, Meta and other hyperscaler and enterprise contracts. [23]
- Balance sheet: around $1.9 billion in cash against $14.0 billion in debt. [24]
GuruFocus’ snapshot today makes the leverage picture even clearer:
- Gross margin: ~73.9%, but net margin –17.8%, reflecting heavy operating and interest costs.
- Debt‑to‑equity: roughly 4.85, a very high level.
- Current and quick ratios: both about 0.49, suggesting limited near‑term liquidity buffer.
- Altman Z‑Score:0.62, which falls in the “distress” zone, implying a statistically elevated bankruptcy risk if conditions worsen. [25]
Put simply: CoreWeave is growing like a rocket, but financed like a junk‑rated project‑finance vehicle. That’s the tension dominating the conversation today.
Strategic Moves: Zero Egress Migration and AI Cloud Differentiation
Beyond the stock tape, CoreWeave has been rolling out new products that directly target pain points for large AI customers – and that context also matters for today’s buying and selling.
On November 13, 2025, the company announced Zero Egress Migration (0EM), a “true no‑egress‑fee” data‑migration program that:
- Pays egress fees on behalf of customers who move large AI datasets from competitors like AWS, Azure, Google Cloud, IBM or Alibaba into CoreWeave’s cloud.
- Offers a fully managed, secure, high‑speed migration service, backed by the company’s AI Object Storage and Local Object Transport Accelerator (LOTA), which can deliver up to 7 GB/s per GPU of throughput. [26]
The program is designed to remove one of the biggest frictions in switching AI clouds – egress charges – and it’s being positioned as a competitive wedge to capture more workloads from hyperscalers.
Combined with acquisitions like Weights & Biases, OpenPipe, Marimo, and Monolith AI, and the massive OpenAI/Meta contracts described in the Zacks and Reuters coverage, CoreWeave is making a case that it is becoming an end‑to‑end AI cloud stack, not just a GPU rental shop. [27]
Why Is the Stock Still Falling? Key Bear Points Behind Today’s Sell‑Off
So why is CRWV down again today despite towering backlog and high‑profile endorsement from ARK?
From today’s and recent coverage, several bear arguments stand out:
- Leverage and credit risk
- The bond‑focused commentary from 24/7 Wall St. and the distressed‑zone Altman Z‑Score from GuruFocus are fueling fears that CoreWeave could be vulnerable if credit spreads widen or risk appetite fades. [28]
- Guidance cut and data‑center delays
- Earlier this month, CoreWeave lowered its 2025 revenue outlook to about $5.05–$5.15 billion, citing delays from a third‑party data‑center developer that will impact Q4 performance. [29]
- 24/7 Wall St.’s live earnings coverage highlighted management’s admission that supply‑chain constraints and delayed powered‑shell deliveries are temporarily limiting revenue, even as demand remains “relentless.” [30]
- Profitability still years away
- The Motley Fool/Finviz article today notes that Wall Street doesn’t expect CoreWeave to turn GAAP‑profitable until at least 2027, even with rapid revenue growth. [31]
- Valuation remains “speculative growth”
- GuruFocus points to premium valuation multiples (e.g., P/S ~6.3, P/B ~8.8) despite the recent sell‑off and ongoing losses, classifying CRWV as a speculative, high‑beta growth stock. [32]
- Insider selling
- GuruFocus also flags that there have been around 90 insider sell transactions in the past three months and no insider buys, which some investors interpret as a negative signal. [33]
Against that backdrop, today’s bounce‑buying by Cathie Wood is being interpreted by the market as a high‑conviction but high‑risk bet—not a consensus call.
The Bull Case: What Today’s Optimists Are Focusing On
On the other side of the ledger, the bullish narrative – reflected in ARK’s trades and several recent research notes – leans heavily on growth and positioning:
- Demand is not the problem. From Q3 earnings to the Reuters interview on the new OpenAI contract, CoreWeave’s management keeps stressing that the AI infrastructure market is “incredibly behind” demand, and that supply is the binding constraint, not customers. [34]
- Backlog and mega‑deals provide visibility. A $55.6 billion backlog plus multi‑billion‑dollar contracts with OpenAI and Meta give CoreWeave multi‑year revenue visibility that many growth stocks lack. [35]
- Technology leadership in AI cloud. Benchmark wins (MLPerf), early deployments of Nvidia GB200/GB300 systems, and the Zero Egress Migration program all support the claim that CoreWeave is among the most advanced AI‑first clouds available today. [36]
- Post‑sell‑off entry point. After a 45–50% drop in roughly a month, some growth investors see today’s price in the low $70s as a more attractive long‑term entry than the euphoric levels near $180 seen in June. [37]
The result is a classic high‑beta growth battleground: fundamentals that look spectacular on the surface, financed in a way that leaves little margin for macro or execution error.
What Today’s News Means If You Follow CoreWeave Stock
For investors tracking CRWV, the November 25, 2025 news flow can be boiled down to a few actionable monitoring points:
- Watch the balance sheet and bond market as closely as the backlog.
- Debt levels, new bond issuance, and credit spreads for AI infrastructure players may matter as much as new customer wins.
- Track execution on capacity build‑out.
- Delays at third‑party data‑center partners are already impacting guidance. Continued slippage would justify some of the market’s recent pessimism.
- Follow customer concentration and diversification.
- Contracts with OpenAI, Meta, and hyperscalers are a strength, but reliance on a few enormous clients is a risk. Reuters’ “quarter of diversification” storyline suggests CoreWeave knows it needs to broaden its base. [38]
- Expect volatility to remain extreme.
- With a 52‑week range from the mid‑$30s to nearly $190, and daily swings of 5–10% not unusual, CoreWeave remains a stock that can move dramatically on new headlines, guidance tweaks, or macro shifts.
Final Word
On November 25, 2025, CoreWeave stock sits at the intersection of AI euphoria and credit‑market anxiety. Cathie Wood’s ARK funds are clearly willing to embrace that tension and buy more shares, betting that demand for AI infrastructure and CoreWeave’s strategic position will ultimately outweigh concerns about leverage and execution.
Whether that proves prescient or premature will depend on factors that today’s headlines underscore: access to capital, discipline in scaling data‑center capacity, and the durability of multi‑billion‑dollar AI contracts.
Again, nothing here is a recommendation to buy or sell CRWV; it’s a snapshot of how the market is digesting CoreWeave’s story today.
References
1. seekingalpha.com, 2. www.nasdaq.com, 3. www.investing.com, 4. www.investing.com, 5. www.gurufocus.com, 6. www.nasdaq.com, 7. www.gurufocus.com, 8. www.gurufocus.com, 9. seekingalpha.com, 10. finviz.com, 11. www.nasdaq.com, 12. www.nasdaq.com, 13. www.nasdaq.com, 14. www.nasdaq.com, 15. www.nasdaq.com, 16. www.nasdaq.com, 17. 247wallst.com, 18. 247wallst.com, 19. seekingalpha.com, 20. 247wallst.com, 21. 247wallst.com, 22. 247wallst.com, 23. 247wallst.com, 24. 247wallst.com, 25. www.gurufocus.com, 26. www.coreweave.com, 27. www.nasdaq.com, 28. 247wallst.com, 29. finance.yahoo.com, 30. 247wallst.com, 31. finviz.com, 32. www.gurufocus.com, 33. www.gurufocus.com, 34. www.reuters.com, 35. 247wallst.com, 36. investors.coreweave.com, 37. seekingalpha.com, 38. www.reuters.com
