CoreWeave stock nearly halved in 12 days on debt and rate fears

CoreWeave shares fell from about $60 on Monday to roughly $54 on Friday, nearly halving over 12 days. Investors worry about rising interest rates and the neocloud's debt load; Nebius fell 7.2%, IREN 8.3% and the Nasdaq 2.6% on Thursday.

• CoreWeave fell from ~$60 to ~$54 in a week, nearly halving in 12 days
• Nebius dropped 7.2%, IREN 8.3% and the Nasdaq 2.6% on Thursday
• Meta is a $35 billion CoreWeave customer but is building its own data centers and chips
• September US inflation data raised fears of Fed rate hikes