CoreWeave is trading 4.1% down at $101.70 after Seeking Alpha downgraded the company to Hold on August 17, citing its more than $35 billion debt load and sharply higher interest expenses.
- The company reported $640 million in quarterly net interest expense, while third-quarter interest is expected to rise further.
- Broader technology weakness, higher yields, and geopolitical risk are adding pressure to leveraged AI infrastructure stocks.