Reuters · October 14, 2026
CoreWeave Shares Fall 16% and Nasdaq Falls 2% on Wednesday After U.S. Inflation Report
- CoreWeave fell 16%, Nebius fell 11%, Oracle fell 9% and Dell Technologies fell 11% on Wednesday; the declines erased some $80 billion of market value, according to the report.
- The Nasdaq was down 2% on Wednesday afternoon, according to the report.
- U.S. interest rates rose after the inflation report, pushing the 30-year yield as high as 5.63% before rates pulled back in the afternoon, according to the report.
- Barclays downgraded Dell and two other enterprise hardware stocks on Wednesday, according to the report; Reuters calculations cited in the report state that 16 stocks in the S&P 500 technology sector had at least doubled this year.
- CoreWeave has issued $22 billion of bonds and $26 billion of loans, according to LSEG data cited in the report; a CoreWeave bond issued in June yielding 9.625% recently yielded 15%.
- Bloomberg reported on Wednesday that CoreWeave Chief Executive Officer Mike Intrator said in an internal memo that he remains confident in the company, according to Reuters.
Price, yield and market-value figures as reported by Reuters, with LSEG cited for CoreWeave debt figures and Bloomberg cited for the internal memo. Original headline: "Red hot CPI report fuels AI rout".
Removed: characterizations of investor sentiment and of the sector, predictions about which borrowers higher rates will affect first, and comparisons to the dot-com period, except for the documented analyst statements attributed in the source.