CoreWeave Stock Falls Amid Blue Owl Doubts, Data Center Debt Financing Report

Market skittishness involving private credit financing firm Blue Owl Capital (OWL) pressured shares in data center partner CoreWeave (CRWV) on Friday. CoreWeave stock fell as much as 12% but pared losses in afternoon trading.

A cloud computing services provider, CoreWeave has been building data centers catering to the needs of artificial intelligence companies. CoreWeave rents out computer servers equipped with Nvidia (NVDA) AI accelerators.

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Blue Owl and CoreWeave partnered last year to build a data center in Lancaster, Pa. Blue Owl has failed to secure $4 billion in debt financing for the data-center project, according to a Business Insider report on Friday. But CoreWeave Chief Executive Michael Intrator  told CNBC on Friday that the data center is financed and on schedule.

Blue Owl has also partnered with** Meta Platforms** (META) and Oracle (ORCL) for large data center projects.

Meanwhile, Blue Owl stock fell nearly 6% on Thursday after the company said it is liquidating $1.4 billion in assets to raise money to pay out individuals who bought into some of its funds but now want to exit.

On the stock market today, CoreWeave stock fell over 8% to 89.07 while Blue Owl stock fell over 4% to near 11. Meta stock rose 1.7% to near 656, Nvidia stock gained 1% to near 190, and Oracle stock retreated 5.5% to near 148.

While Blue Owl has been a data center partner of Oracle, in late 2025 that company decided not to take part in a large data center project with Blue Owl in Michigan.

CoreWeave Stock: Q4 Earnings On Tap

Fourth quarter earnings for CoreWeave stock are due Feb. 26. Nvidia has been a strategic partner of CoreWeave and owns about 7% of the company.

With Friday’s retreat, CoreWeave stock has climbed about 23% in 2026. CoreWeave stock advanced 77% last year but pulled back from an all-time high of 187 set on June 20.

While some analysts project a big AI market opportunity for CoreWeave, others fret about customer concentration and high debt.

Private-credit funds use client money to make loans. They earn interest payments that are handed out to investors through dividends.

Further, Blue Owl and shares in other private fund managers have been pressured recently over loans made to software companies. Blue Owl stock has retreated 29% in 2026. Shares are down 50% from early 2025.

Software stocks have been hammered amid concern AI model builders OpenAI and Anthropic will emerge as competitors. There’s growing investor angst over generative AI software coding tools and automated AI assistants, and how they might impact traditional software product growth and profit margins.

CoreWeave Stock Technical Ratings

The iShares Expanded Tech-Software Sector ETF, an industry index that includes many big-cap software companies, has dropped over 23% in 2026.

CoreWeave stock holds a Composite Rating of 49 out of a best-possible 99, according to IBD Stock Checkup. IBD’s Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

CoreWeave stock holds an Accumulation/Distribution Rating of A. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.

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Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, quantum computing, cybersecurity and cloud computing.

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