NEW YORK, December 29, 2025, 11:17 ET — Regular session
- CoreWeave shares down about 1% in late morning trade as tech and AI-linked stocks eased. 1
- Nvidia slid and the Nasdaq dipped early, pressuring AI infrastructure names into the final week of 2025. 1
- Traders eye Fed minutes and weekly jobless claims in a holiday-thinned week. 1
CoreWeave Inc shares fell about 1% on Monday, sliding to $75.62 in late-morning trading after a choppy open.
The Nvidia-backed cloud provider has become a proxy for investor sentiment toward the build-out of computing infrastructure needed for artificial intelligence, and the stock has tended to move with swings in big tech. 2
The pullback comes in the final week of 2025, when trading can be thin and moves can be exaggerated. Wall Street also started the week on the back foot, putting the seasonal “Santa Claus rally” — a pattern of gains around year-end — under pressure. 1
“They’ll likely need tech to do much of the heavy lifting,” said Chris Larkin, managing director of trading and investing at E*TRADE from Morgan Stanley. 1
In early trade, the Nasdaq Composite was down about 0.6%, while the information technology sector fell 0.7%, Reuters reported. Nvidia shares were down about 1.6%. 1
CoreWeave traded between $73.03 and $77.75 after opening at $73.67, with about 7.0 million shares traded. The stock last closed at $76.42.
The stock has also been caught up in a broader debate about how the AI boom is being financed across the industry, as chipmakers, cloud providers and startups strike intertwined deals. A Guardian report on Sunday said some investors have questioned the “circularity” of financing in parts of the AI supply chain, including arrangements tied to Nvidia and CoreWeave. 3
CoreWeave, based in New Jersey, rents out servers powered by graphics processing units, or GPUs — chips used to train and run AI models. The company went public in March at $40 a share. 2
In its most recent quarterly update, CoreWeave said revenue more than doubled to $1.36 billion, but it trimmed its 2025 revenue forecast after a delay at a third-party data center partner, Reuters reported. Chief Financial Officer Nitin Agrawal forecast 2025 revenue of $5.05 billion to $5.15 billion. 4
Agrawal also said capital spending next year would more than double compared with 2025, when the company expects to spend $12 billion to $14 billion, underscoring how costly the capacity build-out remains. 4
That spending keeps investor focus on CoreWeave’s access to funding. The company in early December priced a $2.25 billion private offering of 1.75% convertible senior notes due 2031 — debt that can later be converted into shares — and said proceeds would go to hedging transactions and general corporate purposes. 5
Traders are also watching the broader policy backdrop. Minutes from the Federal Reserve’s prior meeting and weekly jobless claims are due later this week, Reuters reported, with U.S. markets shut on Thursday for New Year’s Day. 1
For CoreWeave, the next catalysts are likely to be its next earnings update and any new large customer contracts or financing moves. Until then, investors are watching whether AI-linked tech can regain momentum into 2026 — and whether high-spending infrastructure plays like CoreWeave can hold up if risk appetite fades. 1
