CoreWeave stock (CRWV) slips after-hours as CEO bats away Nvidia ‘circular financing’ fears
CoreWeave shares fell 2.7% to $87.48 in after-hours trading Tuesday. Goldman Sachs initiated coverage with a Neutral rating and $86 price target, citing execution and debt risks. CEO Michael Intrator rejected claims of circular financing with Nvidia, noting Nvidia’s $300 million investment versus CoreWeave’s $25 billion raised. Investors remain cautious ahead of U.S. retail sales data and the upcoming Fed meeting.