New York, February 21, 2026, 12:34 (EST) — The market is closed.
- CoreWeave slid 8.1% to close at $89.25 Friday, after an intraday low of $84.50.
- A report surfaced about difficulties lining up $4 billion in debt for a Pennsylvania data-center venture linked to Blue Owl.
- Feb. 26 results should give investors a clearer read on both capacity buildout and funding plans.
CoreWeave ended Friday at $89.25, down 8.1%. Fresh doubts over data-center funding weighed on the AI cloud stock, which dipped as low as $84.50 during the day. Around 46 million shares were traded. 1
U.S. markets are closed for the weekend, but the slide hangs over next week. CoreWeave is still being traded not so much on revenue calculations, but on the question of whether it can keep up its furious buildout and secure the funding to match — all without stumbling into credit market trouble.
Debt is the lubricant for this trade right now. If lenders pull back, building new capacity gets pricier fast and schedules start slipping—regardless of how strong AI compute demand remains.
Blue Owl Capital’s trouble locking down $4 billion in debt for a Lancaster, Pennsylvania data-center project—CoreWeave’s the lead tenant—sparked the move, according to a report. Some lenders reportedly balked at CoreWeave’s B+ credit score. But CEO Michael Intrator maintained the project’s funding and timeline remain intact. 2
Blue Owl disputed the claim, telling Bisnow the report’s “central premise” was incorrect and maintaining that its $500 million bridge financing commitment is still active through March. According to Bisnow, CoreWeave went public in March 2025 and has seen choppy trading since its debut. 3
Sentiment on Wall Street remained wary. Morgan Stanley’s Keith Weiss and Josh Baer, in comments cited by Barron’s, said management faces the challenge of having to “thread the needle” and cited execution risk with earnings approaching. The analysts maintained an equal-weight rating and kept their $99 price target. For investors, they pointed out that updates on power capacity could be the deciding factor. 4
CoreWeave has pegged Feb. 26 for its fourth-quarter and full-year 2025 earnings release, planning a conference call that kicks off at 5 p.m. Eastern, the company said earlier this month. 5
Insiders popping up again: Chief Strategy Officer Brian M. Venturo converted and unloaded 281,250 Class A shares from an entity on Feb. 18, according to a Form 4 filed Friday. The transactions ran through a 10b5-1 plan—a preset trading schedule. 6
Bulls face a clear risk here: when debt markets shut out below‑investment‑grade names, costs on major projects go up or timelines drag out, and investors can lose patience with aggressive spending quickly. A slip-up in hitting capacity targets might sting sentiment more than just a weak earnings print.
Monday brings fresh attention to CoreWeave. Investors are watching to see if the firm finds its footing following the financing news. Another focus: Will Blue Owl or the company clarify how the Lancaster deal is structured? The real test lands Feb. 26, when CoreWeave drops earnings and guidance — that’s when we’ll find out if Friday’s selloff was just jitters, or something deeper.
