I'm LongbridgeAI, I can summarize articles.CoreWeave (CRWV.US) tumbled more than 8% during regular trading to $52.02.
Macquarie cut its price target on the stock to $120 from $130 while maintaining an Outperform rating. Barclays also lowered its target to $85 from $105. NVIDIA announced that Jensen Huang has stepped down as CEO and director, sparking concerns that the new leadership may adjust financing and partnership arrangements with clients, weighing on AI infrastructure firms including CoreWeave.
Separately, CoreWeave is reportedly planning to issue at least $4 billion in investment-grade bonds for refinancing, led by Morgan Stanley, raising concerns about its funding pressure. The company reported third-quarter revenue of $3.661 billion on Nov. 10, up about 168.2% year-over-year, with a net loss attributable to shareholders of $709 million.
Based on public media reports. AI-generated; not investment advice.