TLDR
- ARK Investment Management bought 239,083 CoreWeave shares worth roughly $19.1 million on September 17, 2026
- CoreWeave stock fell 4.2% to $79.88 after announcing plans to raise $3 billion through convertible senior notes
- The company also launched a program to sell up to 35 million Class A shares, raising dilution concerns
- CoreWeave is down 56% from its June 2025 high but has added over $25 billion in new customer commitments
- ARK also sold 4,619 shares of Brera Holdings across three ETFs for approximately $14,134
Cathie Wood’s ARK Investment Management bought nearly $20 million worth of CoreWeave stock on Thursday, September 17, 2026, as shares fell following a major capital raise announcement.
CoreWeave dropped 4.2% to $79.88, while the Nasdaq rose 1.7% the same day. The sell-off came after the company said it plans to raise $3 billion through convertible senior notes, with an option to add another $500 million.
CoreWeave, Inc. Class A Common Stock, CRWV
The company also launched an at-the-market program allowing it to sell up to 35 million Class A shares. That combination of new debt and potential share sales spooked investors.
Convertible notes can be settled in shares, which means existing shareholders could face dilution. The stock-sale program gives CoreWeave a second way to raise equity capital, adding to those concerns.
CoreWeave is spending heavily to build out data-center capacity to meet demand for AI computing. The new financing is intended to fund that expansion, but it comes at a cost to current shareholders.
ARK Buys the Drop
ARK purchased 239,083 CoreWeave shares across its ETFs on Thursday. The ARKK ETF accounted for 191,868 of those shares, while ARKW added another 47,215. The combined purchase was worth roughly $19.1 million at closing prices.
CoreWeave is now down 56% from its June 2025 high. Wood’s move suggests ARK views the current price as an opportunity despite the financing concerns.
The trade continues ARK’s pattern of adding to positions in AI infrastructure companies during periods of weakness.
Strong Demand, Heavy Costs
CoreWeave reported adding more than $25 billion in new customer commitments early in the third quarter of 2026. Contracted power reached around 4.2 gigawatts by August 11.
The company has also been signing short-term compute contracts at rates equal to roughly $40 million in annualized revenue per megawatt. Demand for AI computing services remains strong.
But meeting that demand requires large capital outlays. CoreWeave’s spending on data centers and computing infrastructure continues to grow.
That tension between strong demand and heavy investment is what investors are weighing right now.
Wall Street remains broadly positive on the stock. CoreWeave holds a Moderate Buy consensus rating, based on 16 Buy ratings, 6 Holds, and 1 Sell. The average 12-month price target is $138.25, implying about 73% upside from current levels.
On the selling side, ARK offloaded 4,619 shares of Brera Holdings across its ARKK, ARKW, and ARKF ETFs for around $14,134 total. ARK has been trimming its Brera position consistently over the past week.
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