Story perspectives

CoreWeave Loses $10B Market Value in October Selloff

By Drooid · Oct 16, 2026, 2:24 AM UTC · How we work

Summary

Story summary

CoreWeave Inc. lost more than $10 billion in market value during a four-session selloff in October 2026.
CoreWeave shares fell 15.46% to $65.78, then 5.93% to $61.88 after-hours.
CoreWeave’s debt and lease obligations totaled roughly $52 billion at June-end, with Q2 net interest expense $640 million.
Deutsche Bank analyst Brad Zelnick gave a Buy rating with a $150 target, implying about 128% upside.

History

Historical Context

The 2000 dot-com crash wiped out Nortel Networks, which in 2000 represented over a third of the Toronto Stock Exchange’s value, shrinking its market cap from C$398 billion in September 2000 to under C$5 billion by August 2002. That collapse spurred the SEC’s 2001 Rule 17a-4 margin-call reforms, a framework now applied to overleveraged firms like CoreWeave, whose 2026 $10 billion market-value loss and $52 billion debt mirror the same speculative excesses.

1 of 2

Story summary

CoreWeave Inc. lost more than $10 billion in market value during a four-session selloff in October 2026.
CoreWeave shares fell 15.46% to $65.78, then 5.93% to $61.88 after-hours.
CoreWeave’s debt and lease obligations totaled roughly $52 billion at June-end, with Q2 net interest expense $640 million.
Deutsche Bank analyst Brad Zelnick gave a Buy rating with a $150 target, implying about 128% upside.

1 / 2