While CoreWeave managed to claw back intraday losses exceeding 6%, the cloud-computing firm’s struggle highlighted the underlying fragility in companies heavily leveraged to finance data center expansion. The market remains jittery over whether current capital expenditure levels in the AI sector can generate sufficient long-term returns to service mounting debt obligations.

Contrasting the sector-wide malaise, SpaceX bucked the trend in late trading. The company reported a robust $4.4 billion net income for the third quarter, with revenue figures more than doubling compared to the previous year. Meanwhile, Amazon signaled a massive seasonal expansion, announcing plans to bring on 300,000 U.S. workers for the holiday rush. Operational stability, however, remained a point of friction; a widespread Google Cloud outage across the London region crippled digital banking services, impacting major institutions including HSBC, Lloyds, and Revolut.