CoreWeave is trading at $59.28, down 4.10%, at 9:47 a.m. ET on October 22, 2026, after Bernstein cut its price target to $51 from $74 and maintained an Underperform rating. - Bernstein cited challenges in CoreWeave’s business model and said fundamentals were likely “stuck”; reporting linked the downgrade and broader AI slowdown and balance-sheet concerns to the selloff. - Technology-sector weakness, doubts about returns on heavy AI spending and a weaker Lam Research forecast added pressure.