Changes in US stocks | AI Xinyun Shuangxiong Coreweave (CRWV.US) fell more than 8%, NEBIUS (NBIS.US) plummeted more than 18%, and the latter's ARR target was extended

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that on Thursday, AI Xinyun Shuangxiong CoreWeave (CRWV.US) fell more than 8%, and NEBIUS (NBIS.US) plummeted by more than 18%. According to news, Nebius' third-quarter revenue reached US$981 million (up 571% year over year) and adjusted EBITDA of US$466 million, both exceeding expectations. However, the company delayed and narrowed the annualized recurring revenue (ARR) guidance, saying it is no longer applicable, while drastically raising capital expenditure to $27 billion in 2026 and anticipating a further increase to $40 billion to $45 billion in 2027.

Furthermore, according to reports, CoreWeave is seeking to refinance at least $4 billion through investment-grade loans, led by Morgan Stanley and Mitsubishi UFJ, to launch syndicated promotions as soon as next week. The financing continues the structure of Nvidia chips and customer contracts as collateral. The estimated issuance yield is about 7%-7.5%, which is far lower than the yield on its junk bonds.