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Feb 21, 2026 8:01 PM

CoreWeave Stock Spooked by Report of Blue Owl Financing Fail

CoreWeave, Inc. (NASDAQ:CRWV) shares took a sharp hit on Friday, tumbling about 10% following a report suggesting a major infrastructure setback. 

CRWV stock is dropping. See the chart and price action here. 

According to Business Insider, Blue Owl Capital, Inc. (NYSE:OWL)—a key financing partner for the AI sector—failed to secure enough funding for a data center in Pennsylvania. The company intended for the project to be a flagship facility.

CoreWeave designed the $4 billion joint venture site to be one of the largest AI-specialized data centers in the U.S., leveraging a GPU-as-a-service model to meet the skyrocketing demand for compute power.

The news piggybacked Blue Owl's Thursday announcement that it ...