CoreWeave Falls 4% as HSBC Reiterates Bearish Call on Debt Risk; Nebius Drops 5%, Oracle Holds Steady

CoreWeave Falls 4% as HSBC Reiterates Bearish Call on Debt Risk; Nebius Drops 5%, Oracle Holds Steady

HSBC is doubling down on its bearish call against CoreWeave just as credit markets start flashing distress signals, and the selloff is spreading to a rival that was never even named in the note.

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.Visit Website

HSBC says CoreWeave shares to drop another 30%-plus because of 'structural concerns for neoclouds'

The bank has a reduce rating on the cloud infrastructure stock.

HSBC Projects CoreWeave Investment Returns Below Borrowing Costs

The bank has a reduce rating and a $39 share price target, 36% below CoreWeave’s Oct. 19 close.