CoreWeave Inc. (NASDAQ:CRWV) shares are trading lower Tuesday. The stock fell 5.93% to $105.38 following reports that OpenAI missed internal revenue and growth targets. CoreWeave is a critical infrastructure provider for OpenAI.

Investor caution also seems to be driven by CoreWeave's projected $30–$35 billion capital expenditure in 2026, as the company relies heavily on major customers like Microsoft Corporation (NASDAQ:MSFT) and OpenAI, making any slowdown a significant risk.

OpenAI Misses Internal Targets

A report from the Wall Street Journal on Monday revealed that OpenAI failed to meet several monthly sales and user growth targets.

CFO Warns On Spending

Financial leadership at OpenAI is reportedly signaling caution. CFO Sarah Friar told company leaders she is worried the company might not be able to pay for future computing contracts if revenue doesn't grow fast enough.

OpenAI did not immediately respond to Benzinga's request for comment.

CoreWeave Short Interest Hits 21%

Bearish sentiment is mounting as short interest in CRWV rose to 64.65 million shares in the latest period. This represents 21.87% of the float. At current volumes, it would take shorts 1.68 days to cover.

CoreWeave Technical Analysis

CoreWeave is sitting in the middle of its 52-week range of $39.50 to $187. It's trading 3.9% above its 20-day simple moving average (SMA) and 19.5% above its 100-day SMA, a setup that leans bullish for trend followers despite today's pressure.

Over the last 12 months, the stock is up 151.64%, which shows the longer-term tape has rewarded buyers even with sharp swings along the way.

  • Key Resistance: $114.50
  • Key Support: $85

CRWV Stock Price Activity: CoreWeave shares were down 4.58% at $106.92 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo by PJ McDonnell via Shutterstock