BUZZ — CoreWeave drops as debt load compounds AI build — out concerns
* Shares of Neocloud firm CoreWeave fall 3.8% to $67.1 premarket * Stock on track for its worst week since mid August * CRWV down 15.1% for the week as of last close * Co's $50 bln debt load and the broader cost of the AI build-out have raised investor concerns, causing shares to slump * The slump has fueled a global rout in AI stocks, with concerns that future revenue from the technology may not keep pace with heavy spending * Other neocloud firms also declined with Nebius and IREN down about 0.5% * 31 of 45 brokerages rate the stock "buy" or higher, 12 "hold" and two "sell" or lower; median PT is $147.50 * As of last close, CRWV down 2.7% YTD (Reporting by Anand Gopal in Bengaluru) ((AnandGopal.R@thomsonreuters.com)