$CRWV

Tech stocks fell this week, with chipmakers and AI firms leading losses. CoreWeave (CRWV) dropped 12.80% amid AI infrastructure financing concerns. TSMC (TSM) forecasted strong Q4 revenue. Anthropic's (ANTHROPIC) IPO valuation expectations cooled. Bank of America expects most hyperscalers to face negative free cash flow due to AI spending.

Palantir (PLTR) shares rose after beating earnings estimates, with revenue up 18% YoY to $525M. Apple (AAPL) hit an all-time high, with reports suggesting increased production of its foldable iPhone Duo. GameStop (GME) reached a 52-week high as CEO Ryan Cohen continued buying shares. Six Flags (FUN) shares dropped 16.5% after a fatal roller coaster incident. WF Holding (WFF) and Skydance (SKYD) shares fell due to dilution concerns and warrant adjustments.

US semiconductor stocks fell 15% over eight sessions, with short sellers gaining $32B. Coherent Corp. (COHR) dropped 30%, CoreWeave (CRWV) fell 25%. The Philadelphia Semiconductor Index's decline is the longest since 2006, driven by rising rates and tech valuation concerns.

CoreWeave, an AI cloud provider, saw shares fall 25% in a week while credit-default swaps rose above 1,000 basis points, indicating distressed credit. The company reported $104 billion in revenue backlog as of June 30, 2026, with some conditions. Management asserts contracted work covers debt commitments, but investors monitor debt and financing developments.

Global hedge funds faced significant losses this week due to a sell-off in AI-related stocks, with Asia-focused funds experiencing the steepest declines. CoreWeave and Broadcom were among the hardest-hit companies. Goldman Sachs reported that global fundamental long-short funds lost 2.9% for the week, though they remain up 14.3% year-to-date. Rising inflation and higher borrowing costs have led investors to question AI spending, exacerbating the sell-off.

Tech and AI-related stocks fell sharply, dragging major indices lower. The Nasdaq-100 had its worst week since April 2025, while Energy and Staples sectors rose. Semiconductor index SOX dropped 11.4% for the week. Apple gained 2% for the week, while Twilio fell 10.6% in a day. 30-year Treasury yields fell the most since April 2025.

Tech selloff hit software and chip stocks on Friday, with the iShares Expanded Tech-Software Sector ETF (IGV) down 4.8% and the iShares Semiconductor ETF (SOXX) off 4.1%. Key decliners included ServiceNow (NOW, -4%), Oracle (ORCL, -5%), Salesforce (CRM, -2%), and Twilio (TWLO, -10.6%). Analysts cited AI and interest-rate fears as drivers of the broad-based decline.

Tech stocks declined amid concerns over CoreWeave's credit exposure in AI infrastructure. CoreWeave's shares dropped over 10%. Analysts suggest potential M&A activity. Tesla shares also fell after unveiling its new Roadster. (175 words)

The Philadelphia Semiconductor Index fell over 11% this week, its worst performance since April 2025, as AI-related stocks faced a sell-off. The Nasdaq Composite dropped 4.5%, its steepest decline since late June. Concerns about oversupply in the memory industry, triggered by CXMT's technology announcement, led to significant drops in memory and semiconductor stocks. CoreWeave's debt concerns also contributed to market anxiety, with its bonds yielding over 16%.

Anthropic and OpenAI reportedly generate 80% of revenue from startups, per tweets. Nvidia's (NVDA) CEO claims no need to backstop CoreWeave (CRWV) due to decreasing cost of capital. CRWV insiders sold $3.3B in shares since IPO, with co-founders selling significant stakes.