CoreWeave (CRWV) stock has gained 22% year-to-date (YTD), outperforming the broader market. However, CRWV stock is still trading about 43% below its 52-week high. The primary concern weighing on the stock is CoreWeave’s aggressive investment in data center capacity.
Expanding its AI infrastructure footprint has required substantial capital, increasing cash needs and debt levels while contributing to elevated cash burn. These pressures were evident in the company’s second-quarter results. CoreWeave reported a net loss of $626 million, compared with $290 million in the same quarter of 2025. Interest expense also increased sharply to $640 million from $267 million, largely reflecting higher debt to scale infrastructure and fulfill contracted customer commitments.