Story perspectives

Goldman Upgrade Lifts CoreWeave Shares After $1B Loss

By Drooid · Oct 20, 2026, 2:03 AM UTC · How we work

Summary

CoreWeave Shares Rise

CoreWeave’s shares rose after Goldman Sachs upgraded the stock to Buy.
CoreWeave carries over $35 billion of debt through asset-backed delayed-draw term loans.
The company posted a $1 billion loss in the first half of 2026.
Operating cash flow turned positive in the quarter ended June, supporting capacity expansion.
Bond yields on its 2032 9.625% note rose to 14.9%.

Summary

Nasdaq 100 Soars

The chip index rose 2.9% on Monday, ending an 18-year record losing streak.
Investors shifted toward bonds and non-AI stocks as doubts grew over AI infrastructure returns.
Goldman analyst Gabriela Borges lowered CoreWeave’s price target to $106 from $139.
Nasdaq 100 jumped 1.6%, adding $650 billion, its biggest daily gain since September 21.
The S&P 500 rose 0.45% to 7,693.71.

History

Historical Context

During the late 1990s venture capital poured into Internet startups, driving the Nasdaq Composite to a March 10, 2000 peak of 5,048.62 before a 78 % collapse that erased about $5 trillion in value. Federal Reserve rate hikes under Alan Greenspan helped trigger the bust. Today AI-focused firms such as CoreWeave face similar investor wariness after recalling that 2000 tech frenzy.

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CoreWeave Shares Rise

CoreWeave’s shares rose after Goldman Sachs upgraded the stock to Buy.
CoreWeave carries over $35 billion of debt through asset-backed delayed-draw term loans.
The company posted a $1 billion loss in the first half of 2026.
Operating cash flow turned positive in the quarter ended June, supporting capacity expansion.
Bond yields on its 2032 9.625% note rose to 14.9%.

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