CoreWeave Stock Falls Again, Down 5% Premarket Amid Debt Stress Despite ARK Buying 381,231 Shares

CoreWeave (NASDAQ: CRWV) shares fell 4.75% to $66.38 in premarket trading Friday amid continuing concerns over the company’s debt-funded AI infrastructure expansion, despite Cathie Wood’s ARK Invest buying 381,231 shares over the previous two trading sessions. CoreWeave’s 9.625% unsecured notes due in 2032 traded below 80 cents on the dollar on Wednesday, pushing their secondary-market yield above 15%. The bonds recovered to about 81 cents on Thursday, with yields around 14.6%, but remained well below face value. The higher secondary-market yields reflect the bonds’ lower trading prices, not a change in their fixed 9.625% coupon. The bond market pressure comes as CoreWeave relies heavily on external capital to buy advanced Nvidia processors and expand its data centers.

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