Coreweave Slides 25% for the Week as AI Credit Concerns Grow | Closing Bell
Channel: Bloomberg Television
Uploaded:
Duration not recorded
Read a transcript preview of “Coreweave Slides 25% for the Week as AI Credit Concerns Grow | Closing Bell” from Bloomberg Television, uploaded on 2026-10-16.
Transcript preview
Language: English (original, creator captions)
[0:00] And right now we are two minutes away from the end of the trading day.
[0:03] Romaine Bostick here with Christine Aquino taking you through to that
[0:06] closing bell with a global simulcast. We're joined now by Carol Massar and Tim
[0:09] Stenbeck. Welcome to our audiences across all of
[0:12] our Bloomberg platforms. Television, radio.
[0:14] Our partnership with YouTube here. On a day where we're seeing all of the
[0:17] major indices in the U.S. lower the Nasdaq 100, down about 2.5%,
[0:23] and the setup into the weekend for the S&P 500.
[0:26] The biggest gainers in the S&P 500, oil stocks and defense contractors.
[0:31] Take that for what it will. Yeah, exactly.
[0:34] Interesting trade. I do find it still, though interesting
[0:36] that there's a bit of an even split in the S&P in terms of winners and losers.
[0:40] But I've been looking at the stocks Tim this week.
[0:42] It is down 11%. Wow okay.
[0:44] The Sox down 11% this week. So giving up quite a bit of value.
[0:49] The Nasdaq 100 this week is down more than 5.5%.
[0:53] That's just in the last five days of trading.
[0:55] So it sort of explains the tone of what we've seen in the trade of late.
[1:00] Yeah, absolutely. Tim.
[1:01] I think a lot of what's happening as well.
[1:03] Wing ressentiment is of course. The increase in oil prices today, both
[1:07] Brent and WTI up again more than 3.5% heading into the weekend.
[1:12] I mean who knows what this weekend brings in terms of geopolitical
[1:14] developments remain. Yeah.
[1:16] We should point out that a big spike that we saw mid day in a lot of those
[1:19] oil futures, apparently tied to some concerns right now about the re
[1:24] e