Stock Market Today, Aug. 18: CoreWeave Falls as Debt-Financing Concerns and Capital Spending Pressures Rise With Interest Rates
Higher Treasury yields and a $35 billion to $39 billion capex plan pressured the AI infrastructure provider as investors rotated to safer bets, today, Aug. 18, 2026.
Overview
CoreWeave (NASDAQ:CRWV), an AI cloud infrastructure provider, closed at $93.17, down 12.10%. Shares fell as investors rotated out of high-risk growth stocks and worried about debt-financing costs.
Trading volume reached 36.6 million shares, coming in nearly 21% above its three-month average of 30.2 million shares. CoreWeave IPO'd in 2025 and has grown 133% since going public.
The S&P 500 (SNPINDEX:^GSPC) fell 0.67% to 7,693, and Nasdaq Composite (NASDAQINDEX:^IXIC) declined 1.33% to 26,290. Among specialized cloud computing and AI infrastructure services peers, Nebius Group (NASDAQ:NBIS) closed at $248.43, down 7.60%, while Applied Digital (NASDAQ:APLD) ended at $28.51, down 8.56%.
Details
CoreWeave shares plunged today as investors rotated away from riskier growth names and priced in higher debt-financing costs amid long-term treasury yields reaching nearly 20-year highs.
Source
Originally published at www.fool.com.