CoreWeave shares fell nearly 7% in pre-market trading on Monday after Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman issued warnings about AI risks and called for slowing development
Bernstein analyst Madison Rezaei noted that CoreWeave is highly exposed to any slowdown in AI development, as 25% of its existing active U.S. power and an additional ~74% of contracted power are in Tier 3 and Tier 4 markets. Amodei, in a Saturday essay, advocated for pacing AI capabilities advancement to allow risk prevention to keep up, a sentiment echoed by Altman in a Monday X post, who warned of losing control to AI or excessive power concentration. CoreWeave has significant long-term debt of $27 billion, though it also reported strong Q2 sales surging 112% year-over-year and raised its full-year 2026 revenue guidance to $12.4 billion-$13.2 billion.
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