New York, January 29, 2026, 18:41 ET — After-hours
- CoreWeave shares dropped 6.1% on Thursday, closing at $99.53 and staying close to that price after hours.
- A recent SEC filing revealed that Chief Development Officer Brannin McBee converted and sold shares according to a pre-arranged trading plan.
- Traders are eyeing mid-February results along with Nvidia’s earnings report next month as key catalysts.
Shares of CoreWeave Inc (CRWV) fell 6.1% on Thursday, ending the day at $99.53 and retreating below the $100 level following a strong run-up earlier this week. After-hours trading showed little movement.
The pullback is significant now since CoreWeave serves as a key barometer for investor demand in AI infrastructure — niche cloud providers leasing GPU-intensive computing resources. Following a rally, focus shifts to share availability, insider moves, and short-term performance.
The shift highlighted just how fast momentum can stall in the trade, despite Wall Street’s growing enthusiasm for demand and capacity expansion plans.
An SEC filing on Wednesday revealed that CoreWeave Chief Development Officer Brannin McBee converted Class B shares and offloaded 33,335 Class A shares via two trusts. The shares went for weighted average prices between $98 and $108. According to the filing, these transactions were conducted under a Rule 10b5-1 plan, a pre-set insider trading arrangement. (SEC)
CoreWeave swung widely on Thursday, hitting a low of $96.13 before rebounding. Volume was notably heavier than in recent days.
The stock surged earlier this week following Nvidia’s announcement of a $2 billion stake in CoreWeave and a broader partnership to accelerate the build-out of “AI factories,” data centers designed for AI processing. CoreWeave CEO Michael Intrator described Nvidia as “the leading and most requested computing platform,” according to Reuters. (Reuters)
DA Davidson analyst Alex Platt stuck with a Buy rating, pointing to the Nvidia partnership as “necessary support to sustainably build their future infrastructure.” He also highlighted an “insatiable demand for compute.” (Investing)
Since the Nvidia deal, other analysts have shifted their stance. Deutsche Bank’s Brad Zelnick upgraded the stock to Buy, raising his price target sharply from $100 to $140, Nasdaq.com reported. (Nasdaq)
CoreWeave remains in a tough spot, facing a market quick to punish any sign of execution risk. The company is ramping up power-hungry capacity, so even small shifts in delivery schedules or funding could spook investors. Adding fuel to the fire on Thursday, plaintiff-side law firms pushed out notices about a securities class action, highlighting a March 13 lead-plaintiff deadline. (PR Newswire)
Investors eye Friday’s session for fresh insider filings and to see if the stock stays above the $100 mark after this week’s volatility. CoreWeave’s next earnings report is expected around February 18. (Businessinsider)
Traders are also eyeing February 25, the day Nvidia releases its earnings—a key indicator of demand for the chips and systems powering CoreWeave’s operations. (Nvidia)
