CoreWeave (CRWV) Stock Slips After Hours on December 10: Debt Deal, Volatility and What to Watch Before the December 11 Open
CoreWeave shares fell 2.76% to $88.16 Wednesday, then dropped over 3% more after hours to around $85, following news of a $2.25 billion convertible note deal. Trading volume topped 26 million shares as investors weighed the company’s increased leverage. The offering, set to settle December 11, will raise funds for AI infrastructure and capped call transactions. CoreWeave remains well above its March IPO price but far below its 52-week high.