Overview

• CoreWeave shares fell about 4% to $135.76 on Tuesday as traders reacted to recent selling by major holders and executives, according to Benzinga Pro data.
• Magnetar Financial has unloaded more than $2 billion of stock since the Aug. 14 lock-up expiration, including 4.79 million shares worth roughly $675 million so far in October, while top executives sold over $1 billion last week.
• Short seller Jim Chanos questioned long‑term profitability, arguing rapid GPU depreciation could drive returns toward zero, intensifying debate over CoreWeave’s capital intensity.
• Countering the skepticism, Evercore ISI reiterated an Outperform rating on Oct. 8 with a $175 target, citing durable take‑or‑pay contracts, prepayments, and an Nvidia agreement to purchase up to $6.3 billion of any unsold capacity through April 2032.
• Fundamentals remain anchored by Q2 revenue of about $1.21 billion, raised FY25 guidance to $5.15–$5.35 billion, a $30.1 billion backlog, and large multi‑year commitments from OpenAI (up to $22.4 billion) and Meta ($14 billion).