Sell CRWV by Dec 28, 2026.

I spent some time looking into Barclays credit research and UBS initiation files on CoreWeave (CRWV). Beyond the headline capacity expansions, the debt mechanics and hardware depreciation profile look structurally fragile. A few balance sheet data points worth tracking: 1. $51.4B in Total Commitments The liability structure consists of $35.1B in funded debt obligations plus $16.3B in operating leases. Funded debt is heavily skewed toward delayed draw term loans ($21.5B in DDTLs) alongside roughly $13.6B in non-recourse project financing and …