CoreWeave Stock Falls as HSBC Flags Debt and AI Demand Risks

thecryptobasic2026-10-20 12:18:33

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CoreWeave Stock Falls as HSBC Flags Debt and AI Demand Risks

CoreWeave (NASDAQ: CRWV) shares fell 4.17% to $58.57 in premarket trading on Tuesday, extending their recent decline after HSBC Global Investment Research maintained its 'Reduce' rating and $39 price target. The bank warned that rising borrowing costs and a potential slowdown in demand for AI computing could hurt the company's long-term profitability.

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