π―π΅ Japanese, 16 October 2026, stock price drop
CoreWeave Stock Price Falls 11% After Nvidia CEO's Optimistic Comments
CoreWeave's stock price plummeted 11% after Nvidia CEO Jensen Huang's optimistic comments on the company's prospects.
The stock price of AI cloud computing company CoreWeave fell 11% on October 16, US time, reaching a low not seen since the beginning of the year. This follows comments from Nvidia CEO Jensen Huang, who expressed optimism about the company’s future despite concerns about its debt.
CoreWeave’s stock price has fallen 21% over the past 5 trading days, with no rebound following Huang’s comments. At the time of writing, CoreWeave’s stock price was 11.2% lower at $61.