CoreWeave stock (NASDAQ: CRWV) closed sharply lower on Dec. 12, 2025 and edged down in after-hours. Here’s the latest news, analyst forecasts, and what investors should watch next.
CoreWeave, Inc. (NASDAQ: CRWV) ended Friday, December 12, 2025, on the back foot after a bruising session for AI-linked equities. By the close, the AI cloud infrastructure name had posted one of its bigger single-day declines in recent weeks—despite fresh customer momentum in generative video.
Below is a practical, news-driven recap of what moved CoreWeave stock after the bell on 12/12/2025, plus the key headlines, forecasts, and risk factors to have on your radar before the next market session.
CoreWeave stock price after the bell (12/12/2025): the numbers that matter
CoreWeave stock closed at $78.59 on Dec. 12, 2025, down 10.06% on the day, after trading between $77.66 and $87.70 with volume near 34.9 million shares. [1]
In after-hours trading, CRWV was slightly lower at about $78.34 (down roughly 0.32% from the close) as of 4:44 p.m. ET. [2]
That “sell-the-AI-trade” tone wasn’t isolated to CoreWeave—Friday’s session saw broad pressure across tech and AI infrastructure names as investors reassessed near-term profitability, financing costs, and the pace of spending across the ecosystem. [3]
Why CoreWeave fell Friday: AI “bubble” fears returned—fast
Friday’s action in CRWV landed in the middle of a wider re-pricing of AI-related stocks.
Reuters reported that Wall Street’s major indexes closed lower as Broadcom and Oracle helped revive concerns about an “AI bubble,” while rising Treasury yields added pressure to growth valuations; the report also explicitly noted that AI-linked infrastructure names, including CoreWeave, “went into reverse” during the session. [4]
The Associated Press similarly described the day as the worst in weeks for the market, with the Nasdaq down about 1.7% amid renewed doubts about whether massive AI spending will translate into profits quickly enough—citing sharp moves in AI bellwethers like Broadcom, Nvidia, and Oracle. [5]
What that means for CRWV specifically
CoreWeave is often treated by traders as a high-beta expression of AI infrastructure demand—a stock that can rally hard when the market is rewarding “AI buildout” narratives, but can also drop quickly when the market rotates toward valuation discipline and balance-sheet scrutiny.
Friday looked like one of those “risk-off” AI days.
The company headline still in focus: CoreWeave’s Runway partnership
Even as the stock sold off, CoreWeave’s news cycle remained active.
CoreWeave announced an agreement to power Runway’s next-generation AI video generation models, highlighting that Runway selected CoreWeave for “purpose-built” AI capabilities and integrated software/data tooling. [6]
The release also underscored the hardware/software stack behind the deal:
- Runway will use CoreWeave’s NVIDIA GB300 NVL72 systems for large-scale training and inference. [7]
- Runway will use W&B Models for workload observability and make models available via W&B Inference powered by CoreWeave. [8]
- Runway will also leverage CoreWeave’s AI object storage positioning (including the “no egress charges” angle highlighted in the release). [9]
Why investors care: Video generation and “world models” are among the most compute-hungry areas of generative AI. Deals like this can support the bull case that GPU cloud demand is broadening beyond text-only workloads—potentially helping utilization and backlog quality over time.
But on a day when the whole AI complex is being repriced, even a solid customer headline can get drowned out.
The overhang that keeps coming back: debt, dilution, and the $2.25B convertible notes
CoreWeave’s balance sheet and financing strategy have been central to the stock’s volatility—especially this week.
The company priced an upsized $2.25 billion private offering of 1.75% convertible senior notes due 2031, with settlement scheduled for Dec. 11, 2025. [10]
Key terms highlighted in the announcement included:
- 1.75% coupon; maturity Dec. 1, 2031 [11]
- Initial conversion rate implying a conversion price of roughly $107.80/share (about a 25% premium to the referenced $86.24 price on Dec. 8) [12]
- CoreWeave also disclosed use of proceeds toward capped call transactions (about $295.7 million of net proceeds earmarked for that) to help manage dilution mechanics. [13]
Credit lens: junk rating on the convert
S&P Global Ratings assigned the company’s $2.25B 1.75% senior unsecured convertible notes due 2031 a ‘B’ rating (recovery rating ‘5’), according to the rating headline. [14]
Why this matters for the stock into the next session
Convertible financing can be a “best available option” for fast-scaling infrastructure firms—especially if it lowers the cost of capital relative to high-yield debt. But equity investors often focus on two things:
- Leverage risk (more fixed obligations in a capital-intensive model)
- Future dilution if the stock rebounds above the conversion price over time
This is part of why CRWV can rally on growth headlines but sell off sharply when the market shifts to “show me the cash flow.”
Another sentiment factor: the CFO’s Form 144 filing
On the filings front, Refinitiv reported that CoreWeave CFO Nitin Agrawal filed a Form 144 proposing the sale of 66,467 shares, with an approximate sale date listed as 12/11/25. [15]
Form 144 filings don’t automatically mean shares are sold immediately, and they can reflect pre-planned liquidity or administrative activity. Still, in a tape dominated by leverage/dilution concerns, traders often treat insider-sale headlines as incremental negative sentiment—especially during a drawdown.
Forecasts and analyst outlook as of 12/12/2025: big upside… and big disagreement
Analyst targets on CoreWeave remain wide—an important point for anyone planning risk management around the name.
StockAnalysis’ aggregation showed:
- Consensus rating: Buy
- Average 12-month price target: $127.84
- Target range: $32 (low) to $200 (high) [16]
That spread is a signal in itself: the Street is effectively debating two very different futures for CoreWeave.
The bull framing
A bullish view generally argues that CoreWeave is a uniquely positioned “AI compute utility” with strong demand and the kind of customer relationships (and workload intensity) that can scale revenue rapidly if execution stays on track.
A Seeking Alpha analysis published on Dec. 12, 2025 framed the recent selloff as potentially overdone, arguing the market may be underestimating backlog expansion and future contract wins even amid execution and debt concerns. [17]
The bear framing
A more cautious view focuses on financing dependency and the risk that costs (including interest and buildout requirements) outrun near-term economics.
A Nasdaq-published commentary (Motley Fool) on Dec. 12, 2025 was explicit on leverage risk—stating that CoreWeave “now pays roughly six times its gross profit” to service interest and emphasizing how capex intensity can amplify downside when sentiment turns. [18]
What to know before the “13.12.2025 open”: markets won’t open Saturday—here’s the real checklist
One important calendar note: U.S. stock markets do not open on Saturday, Dec. 13, 2025. For NASDAQ-listed CRWV, the next regular session is Monday, Dec. 15, 2025 (with pre-market activity earlier that morning).
So if your goal is “what should I know before the next time CRWV can trade,” here’s the weekend checklist that matters most:
1) Watch whether the AI selloff narrative deepens (Broadcom/Oracle/rates)
Friday’s pullback was closely tied to macro + AI sentiment—Broadcom and Oracle headlines, plus rate/yield jitters. Reuters highlighted investor caution heading into next week’s major economic releases and noted that AI-linked names, including CoreWeave, were pressured in that backdrop. [19]
Why it matters: If yields rise again or the market keeps rotating out of high-multiple AI names, CoreWeave can remain mechanically vulnerable regardless of company-specific progress.
2) Track any follow-on disclosures tied to the convertible notes
CoreWeave’s convertible deal includes features (like capped calls) that can reduce dilution under certain outcomes, but the broader market still tends to trade the “convertible = financing + potential dilution” headline.
Re-read the key deal terms—coupon, conversion price, and capped call allocation—because they shape the dilution math and the narrative heading into Monday. [20]
3) Keep an eye on “credit story” commentary around neo-clouds
A Reuters Breakingviews piece this week described neo-cloud providers like CoreWeave as “middlemen of the AI gold rush” and warned that credit risk can concentrate around the ecosystem—also noting that CoreWeave has a junk credit rating in that framing. [21]
Why it matters for Monday: In leveraged, capex-heavy models, equity volatility can be driven as much by financing conditions as by customer demand.
4) Separate “demand wins” from “timing and execution”
The Runway partnership reinforces demand for GPU-heavy training and inference—especially in video and simulation workloads—but investors will still look for signals that these wins translate into:
- sustainable utilization,
- predictable delivery timelines,
- and manageable capex/financing.
Runway’s planned use of GB300 NVL72 capacity is a meaningful indicator of high-end demand, but the market often wants proof in quarterly numbers. [22]
5) Know what kind of stock CRWV is in this tape
Friday’s close was a reminder that CoreWeave is currently trading like a sentiment-and-financing stock, not a sleepy compounder. That doesn’t mean it can’t be a long-term winner—but it does mean the path can include sudden re-pricings like the one we saw on 12/12. [23]
Bottom line for investors heading into the next session
CoreWeave stock finished Dec. 12, 2025 sharply lower ($78.59 close) and was slightly softer after-hours (around $78.34), in a session where AI infrastructure names broadly sold off amid renewed “AI bubble” concerns and rate pressure. [24]
Going into Monday’s trade, the market is likely to keep weighing two competing narratives:
- Demand narrative: customer wins like Runway and continued appetite for cutting-edge GPU systems [25]
- Financing narrative: leverage, interest burden, and dilution mechanics tied to large-scale funding needs [26]
References
1. stockanalysis.com, 2. stockanalysis.com, 3. www.reuters.com, 4. www.reuters.com, 5. apnews.com, 6. www.businesswire.com, 7. www.businesswire.com, 8. www.businesswire.com, 9. www.businesswire.com, 10. www.businesswire.com, 11. www.businesswire.com, 12. www.businesswire.com, 13. www.businesswire.com, 14. www.spglobal.com, 15. www.tradingview.com, 16. stockanalysis.com, 17. seekingalpha.com, 18. www.nasdaq.com, 19. www.reuters.com, 20. www.businesswire.com, 21. www.reuters.com, 22. www.businesswire.com, 23. stockanalysis.com, 24. stockanalysis.com, 25. www.businesswire.com, 26. www.businesswire.com
