CoreWeave (CRWV) Stock Today, Nov. 26, 2025: $52B AI Sell-Off, Cathie Wood Dip-Buying and Legal Scrutiny

CoreWeave, Inc. (NASDAQ: CRWV) — the AI‑focused cloud infrastructure provider closely tied to Nvidia — is back in the spotlight today as its share price bounces after one of the harshest drawdowns of any major AI stock in 2025.

As of the afternoon session on November 26, 2025, CoreWeave is trading around $74–75 per share, up roughly 4–5% on the day from Tuesday’s close near $71.29. Intraday, the stock has moved in a wide band around $72.9–$76.6, with volume approaching 19 million shares, not far off its heavy recent trading averages. ^[1]

Even after today’s bounce, CRWV remains far below its 2025 peak: the stock has dropped from a 52‑week high of $187 to the mid‑$70s, and has shed roughly $52 billion in market value since June as its market cap slid from about $88 billion to the mid‑$30 billions. ^[2]

Below is a structured look at all the major CoreWeave stock news hitting on November 26, 2025, and how it fits into the broader AI‑infrastructure story.

Quick snapshot of CRWV today

Price (intraday, Nov. 26, 2025): about $74.6, up ~4.6% vs. yesterday’s close
Day range: roughly $72.9 – $76.6 ^[3]
52‑week range:$33.5 – $187.0 ^[4]
Market cap: around $35–37 billion
Valuation: about 8.2× trailing sales based on ~$4.3B revenue and ~$35.5B market cap ^[5]
Backdrop: roughly –45% to –50% over the last month despite being up strongly year‑to‑date, with selling pressure tied to guidance cuts, debt worries, and AI‑bubble fears. ^[6]

1. MarketBeat: CoreWeave shares “gap up” after recent crash

A fresh MarketBeat note titled “CoreWeave (NASDAQ:CRWV) Shares Gap Up – Here’s What Happened” highlights today’s early strength after weeks of persistent selling. ^[7]

Key points from that coverage:

Technical bounce: CRWV opened sharply higher than Tuesday’s close (a gap‑up), trading in the mid‑$70s after finishing yesterday at $71.29. ^[8]
Q3 results still strong on the surface: MarketBeat reiterates that CoreWeave’s Q3 2025 revenue jumped to about $1.36 billion, more than double the prior year, and that the company reported a huge revenue backlog of $55.6 billion. ^[9]
Wall Street still broadly bullish: The article notes a “Moderate Buy”–type consensus, with average 12‑month price targets in the $130+ range, implying sizable upside from current levels if the story plays out as analysts expect. ^[10]

The gist: today’s gain is framed as a relief rally within a still highly volatile backdrop, rather than a definitive trend reversal.

2. Invezz: “$52B wipe‑out” and insider selling keep risk front and center

On the bearish side, Invezz published a pointed article today:

“CoreWeave stock at risk after the $52B wipeout as insiders sell” ^[11]

That piece, echoed on StockAnalysis and other aggregators, focuses on:

Magnitude of the drawdown: CoreWeave’s market capitalization has fallen from roughly $88 billion in June to near $35 billion recently, wiping out roughly $52 billion in equity value as the share price collapsed from about $187 to the low $70s. ^[12]
Recent insider sales: The note points to insider filings – including November sales by CEO Michael Intrator and other executives – as a potential red flag while the stock is under pressure. Recent Form 4s show the CEO selling around 50,000 shares at roughly $74.7 on November 19, with other officers also trimming positions in November. ^[13]
Valuation vs. risk: The article argues that despite the big pullback, CoreWeave still trades on rich revenue multiples, with a balance sheet loaded with expensive debt and capital‑intensive expansion plans, making the equity particularly vulnerable if AI spending cools or financing conditions tighten. ^[14]

In short, Invezz is warning that today’s bounce doesn’t erase the structural risks exposed during the sell‑off.

3. Motley Fool: “Is CoreWeave Stock in Trouble?” – debt, short interest and AI demand

A highly discussed piece from The Motley Fool hit this morning under the headline:

“Is CoreWeave Stock in Trouble?” ^[15]

The core arguments, drawn from the Fool article and its syndication on Yahoo and other portals: ^[16]

Stock has been in a “tailspin”: The author notes that CRWV has dropped more than 40% over the last month, sliding back toward levels last seen in May, far off its June peak near $187. ^[17]
High leverage and interest burden:
- CoreWeave’s revenue backlog is enormous, but the company is carrying about $55.6 billion in contracted backlog on one side and roughly $14 billion of debt on the other, with quarterly interest expense around $310 million in Q3 alone — more than six times its operating income of roughly $52 million. ^[18]
- That dynamic leaves little room for error if revenue growth slows or data‑center build‑outs are delayed.
Elevated short interest: Recent short‑interest data show around 32.9 million CRWV shares sold short, roughly 8.5% of the public float as of mid‑November, up sharply from late October. ^[19]
Question: bargain or value trap? The Fool stops short of a clean “sell” call, but it suggests that CoreWeave is a high‑risk AI infrastructure bet, with the combination of heavy leverage, high short interest and capital‑intensive growth making it unsuitable for more conservative investors.

The tone is cautious: growth is undeniable, but the capital structure and volatility are front‑and‑center risks.

4. TS2 Tech: Cathie Wood buying the dip, plus macro AI tailwinds and legal risk

TechStock² (TS2 Tech) published a comprehensive “CoreWeave (CRWV) Stock Today” breakdown explicitly focused on November 26, 2025, weaving together price action, fund flows and legal developments. TechStock²+1

Highlights from that wrap‑up (which itself aggregates several primary sources):

ARK Invest and Cathie Wood keep buying

According to TipRanks data cited in the TS2 piece, Cathie Wood’s ARK Invest has been aggressively adding to its CoreWeave position despite the drawdown:
- On November 25, ARK bought about 396,000 CRWV shares worth roughly $28.2 million.
- The day before, ARK purchased roughly 437,000 shares valued around $31.3 million. ^[20]
ARK’s continued buying after a nearly 50% monthly slide signals that at least one high‑profile growth manager views the drop as a buying opportunity, not a thesis‑breaker. ^[21]

Zacks: CoreWeave in the “AI infrastructure winners” camp

A Zacks Investment Ideas note, syndicated across finance portals, grouped CoreWeave with Amazon, AMD, Nvidia and Bloom Energy as key beneficiaries of the next leg of AI infrastructure spending, especially if an expected Federal Reserve rate cut in December reignites risk appetite in 2026. ^[22]
CoreWeave’s role: a specialized AI cloud leasing Nvidia‑powered compute to enterprises and AI labs, effectively acting as a “picks and shovels” play on the AI boom.

Law firm investigation adds headline risk

TS2 also notes that Bronstein, Gewirtz & Grossman, LLC is investigating potential securities‑law claims on behalf of CoreWeave shareholders. ^[23]
The investigation focuses on CoreWeave’s November 10 Q3 earnings release, when the company trimmed 2025 revenue and capex guidance due to power and data‑center capacity constraints. The stock fell about 16% in one session, closing near $88.30 on November 11. ^[24]
While such announcements are common after sharp post‑earnings sell‑offs, they extend the cloud of uncertainty over the stock in the near term.

Product angle: “Zero Egress Migration” for AI workloads

Beyond the stock, TS2 flags a recent product update that matters for the long‑term story:

On November 13, CoreWeave announced its “Zero Egress Migration” (0EM) program — a no‑egress‑fee data‑migration offering that lets customers move large datasets from other clouds into CoreWeave’s platform without traditional data‑egress penalties. ^[25]
The initiative is pitched as a way to lower switching costs and make CoreWeave’s AI‑focused cloud more attractive versus hyperscale rivals.

Together, these threads paint a mixed picture: legal and balance‑sheet worries vs. ongoing product innovation and high‑conviction institutional interest.

5. Fundamentals: explosive growth meets a debt‑heavy balance sheet

Today’s headlines only make sense in the context of CoreWeave’s underlying numbers.

Growth and backlog

From CoreWeave’s official Q3 2025 earnings release: ^[26]

Q3 2025 revenue:
- $1.36 billion, up from $583.9 million a year earlier (~134% year‑on‑year growth).
Q3 GAAP net loss:
- –$110.1 million, a big improvement vs. a –$359.8 million loss in Q3 2024.
Adjusted EBITDA:
- About $838.1 million with a 61% margin, highlighting strong cash generation once non‑cash and financing items are excluded.
Revenue backlog:
- A massive $55.6 billion as of September 30, 2025 — nearly double the roughly $30.1 billion backlog reported at the end of Q2. ^[27]

That backlog reflects long‑term contracts with top‑tier AI customers, including Meta, OpenAI, major cloud hyperscalers and enterprise names such as BT Group, Mizuho Bank, NASA JPL and others. ^[28]

Debt, interest expense and liquidity

The bear case hinges on how CoreWeave is funding this growth:

The company has issued multiple high‑yield debt facilities, including:
- $2.0 billion in 9.25% senior unsecured notes due 2030 (Q2). ^[29]
- $1.75 billion in 9.0% notes due 2031 plus multi‑billion‑dollar delayed‑draw term loans (DDTL 3.0 and amended DDTL 2.0 facilities) announced with Q3 results. ^[30]
Q3 2025 interest expense was approximately $310.6 million, far exceeding the quarter’s $51.9 million in operating income. ^[31]
MarketBeat and other data providers estimate a debt‑to‑equity ratio near 2.6, with current and quick ratios under 0.5, highlighting a leveraged capital structure and relatively tight short‑term liquidity. ^[32]

In short: CoreWeave is growing fast, but doing so with a lot of borrowed money.

Valuation and sentiment

Using trailing numbers from Investing.com and Yahoo Finance: ^[33]

Trailing 12‑month revenue: ~$4.3 billion
Trailing net loss: around –$750 to –$825 million
Market cap: mid‑$30 billions
Price‑to‑sales (P/S): about 8×
Short interest: ~33 million shares, 8–11% of float, with a short‑interest ratio under 1 day (fast‑moving but significant). ^[34]

Analyst consensus, pulled together by StockAnalysis, Nasdaq and TipRanks, generally sits in a “Buy”/“Moderate Buy” range with average 12‑month price targets of roughly $130–$150, implying 70–100% upside from current prices — but those targets assume continued AI‑infrastructure momentum and no major missteps on execution or financing. ^[35]

6. Bull vs. bear narratives after today’s move

After digesting all of today’s news, the CoreWeave debate looks something like this.

The bull case, in brief

Supporters highlight:

Structural AI demand: A $55.6B+ backlog tied to frontier AI labs and blue‑chip customers (Meta, OpenAI, hyperscalers) suggests multi‑year revenue visibility if projects are delivered on time. ^[36]
Category leadership: CoreWeave was among the first to deploy Nvidia Blackwell/GB300‑class GPUs at scale and continues to roll out AI‑specific features like Zero Egress Migration, positioning itself as an AI‑native cloud, not a generic IaaS provider. ^[37]
Improving profitability metrics: Adjusted EBITDA and margins are robust even as GAAP net losses persist, suggesting strong underlying unit economics once interest and rapid expansion costs normalize. ^[38]
“Smart money” backing: Cathie Wood’s ARK ETFs and institutions like Jefferies, Cisco and Geode have been adding or initiating positions in recent quarters, despite volatility. ^[39]

From this lens, the near‑50% drop is viewed as over‑correction driven by short‑term fears about capex delays, AI‑bubble chatter and high interest rates.

The bear case, in brief

Skeptics focus on:

High leverage and expensive debt: Billions in high‑coupon notes and term loans mean interest expense eats up a large share of cash flow. Any slowdown in AI capex or new deals could quickly tighten the screws. ^[40]
Execution and capacity constraints: Q3 guidance cuts tied to data‑center power and capacity issues show that physical constraints — not demand — can still derail growth and push revenue to future years. ^[41]
Legal and perception risk: The Bronstein investigation and broader scrutiny of AI “circular financing” practices — including concerns about how Nvidia, CoreWeave and credit providers structure deals — have raised questions about sustainability and transparency. ^[42]
Crowded trade & short interest: With high short interest and heavy retail/fund attention, CoreWeave has become a sentiment‑driven, high‑beta AI proxy, prone to large swings on headlines rather than fundamentals alone. ^[43]

From this angle, today’s bounce is seen as a typical oversold rally inside a downtrend, not necessarily a durable turning point.

7. What investors will be watching next

Looking beyond today, several catalysts are likely to drive the next leg of CRWV’s story:

Macro and rates: Markets are pricing in a high probability of a Fed rate cut in December, which could ease financing conditions and revive appetite for long‑duration growth stocks like CRWV — or disappoint if the Fed stays cautious. ^[44]
Execution on backlog: The key question is whether CoreWeave can convert its $55.6B+ backlog into revenue and cash on the timetable investors expect, despite data‑center and power constraints. ^[45]
Balance‑sheet moves: Any refinancing, equity issuance, or asset‑sale activity aimed at reducing leverage will be closely scrutinized. Conversely, more debt or capex acceleration without clearer paths to free cash flow could unsettle the market. ^[46]
Regulatory and legal developments: Updates from Bronstein or any new shareholder‑rights or SEC actions tied to CoreWeave’s guidance or financing arrangements would be material for sentiment. ^[47]
Next earnings report: CoreWeave’s next scheduled earnings release is currently projected for February 18, 2026, when management will update guidance and potentially address ongoing concerns about debt, AI demand and infrastructure bottlenecks. ^[48]

Final thoughts (not investment advice)

On November 26, 2025, CoreWeave sits at the center of the AI‑infrastructure debate:

Today’s news flow is split between warnings about a $52B drawdown, leverage and legal risk, and more optimistic takes emphasizing massive backlog, strong revenue growth and high‑conviction buying from ARK and other institutions.
The stock’s mid‑$70s price reflects that tension: well below peak optimism, but still valuing the company at a premium to many traditional cloud and infrastructure peers.

For traders and investors alike, CoreWeave remains a high‑growth, high‑risk AI infrastructure stock, where outcomes are likely to be binary over the long run: either it successfully converts backlog into profitable, capital‑efficient growth, or the combination of leverage and volatility makes the recent sell‑off the start of a longer reset.

This article is informational only and does not constitute financial advice, investment recommendation, or a solicitation to buy or sell any security. Anyone considering CRWV should carefully review CoreWeave’s SEC filings, earnings transcripts and risk factors, and consider speaking with a qualified financial professional.

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