CoreWeave stock drops 13% in a week; here's the price worth buying
CoreWeave's stock has fallen 54% over the past year, hitting a 52-week low of $53.50 on Oct. 22, and dropped about 13% in the last week, raising questions about whether the neocloud company is now undervalued. The company, which repurposed its Nvidia GPUs from crypto mining to AI training, operates 51 data centers and counts Meta, Microsoft, OpenAI, and Anthropic as major customers. Despite revenue soaring 168% to $5.1 billion in 2025, it posted a net loss of $1.2 billion, with a debt-to-equity ratio of 14.3 and $72 billion in total liabilities. Analysts project 2026 revenue growth of 151% to $12.9 billion, with a contracted backlog of $104 billion. At its current enterprise value of $76.2 billion, the stock trades at four times next year's sales, which could limit downside despite concerns over rising rates and widening net losses.