CoreWeave (CRWV) shares fell to a 17-month low on October 20. They touched approximately $57.24, a level not seen since May 2025. The sell-off reflected ongoing concerns about the company’s significant debt load and rising borrowing costs, alongside a broader downturn in AI-related stocks.
The shares reversed their losses later that day, reportedly after news surfaced that CoreWeave was raising prices for its GPU cloud services. Reports indicated a fresh 10% increase in hourly GPU pricing. It follows a 25% hike implemented in July.
The price increases are seen as a response to strong demand and a way to bolster revenue as the company finances its aggressive expansion.