CoreWeave is trading at $51.50, down -5.04% in pre-market, after Elon Musk warned that lenders are pulling back from AI-cloud companies.
- Reports also cite CoreWeave’s debt burden and rising bond yields; Bernstein recently cut its price target to $51 and maintained an Underperform rating.
- Shares had already closed at $54.23 on October 23; no new company announcement was identified for October 26.