CoreWeave, Inc. (NASDAQ:CRWV) stock dropped on Friday as broad technology weakness and mounting worries over corporate debt weighed on trading sentiment.
20% loss for the S&P 500. Hyperscaler Capex Shortfall Tech weakness deepened after Microsoft Corp.
(NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) reported quarterly capital spending below Wall Street estimates, reviving debate over the pace of artificial intelligence spending.
7 billion consensus estimate. 09 billion.
The updates sparked selling across neocloud operators, which provide specialized data-center capacity for AI workloads. 76%.
S. " Tesla Inc.
and Space Exploration Technologies Corp. CEO Elon Musk separately warned that credit markets have "almost entirely shut off access to money" for firms without non-AI revenue.
3% below its 200-day SMA. The 20-day SMA sitting below the 50-day SMA keeps the near-term trend pointed down, and the death cross that formed in July (50-day SMA below the 200-day SMA) continues to frame rallies as counter-trend until proven otherwise.
24 (reached in October), the chart is effectively in "support-test" mode rather than "breakout" mode. The last major swing low in October matters here because a clean break below that zone can invite another leg lower, while a hold can spark a reflex bounce back toward overhead moving averages.
24 Earnings Countdown CoreWeave is scheduled to report its third-quarter 2026 earnings on Nov. 10, after the market closes.
16 per share, compared with a loss of 8 cents a year earlier. 36 billion in the year-ago quarter.
54 at the time of publication on Friday, according to Benzinga Pro data.
