CoreWeave Stocks Tumble 11.56% as NVIDIA Shake-Up Erases Post-Earnings Rally Khac Phu Nguyen Fri, November 13, 2026 at 6:57 AM EST 1 min read NVDA +1.73% CRWV +0.12% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
CoreWeave Inc (NASDAQ:CRWV) shares tumbled 11.56% to $53.74 at 9:35 a.m. ET in early regular-session trading on November 12, giving back gains from Wednesday's 24.71% post-earnings jump as NVIDIA confirmed its CEO's resignation, Yahoo Finance's live coverage showed. The AI cloud provider runs its business on NVIDIA GPUs.
Warning! GuruFocus has detected 6 Warning Signs with CRWV.
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The quarter itself was strong. CoreWeave reported third-quarter revenue of $3.66 billion, up 168%, above its own $3.45 billion to $3.60 billion forecast, with a net loss of $709 million. It raised 2026 revenue guidance to $13.0 billion to $13.3 billion and set capital spending at $37 billion to $39 billion. Signed backlog reached about $132.5 billion, debt stood at $46.9 billion with $10.6 billion due within a year, and management expects roughly $9 billion of customer prepayments over the next three months, StockTitan reported.
Backlog is about 4.5 times CoreWeave's $29.64 billion market value, which shows how much the market is discounting execution and financing risk. GuruFocus gives CoreWeave a GF Score of just 15/100, with 2/10 marks for both financial strength and profitability. That is a warning, not a buy signal. The next test is fourth-quarter interest expense of $1.05 billion to $1.15 billion and whether the promised prepayments arrive on time.
