CoreWeave Inc. (NASDAQ: CRWV), Opendoor Technologies (NASDAQ: OPEN), and SoFi Technologies (NASDAQ: SOFI) each struck fresh 52-week lows on Thursday amid a broad wave of investor concern.
Rising borrowing costs, a deteriorating housing market, and questions about earnings quality combined to push all three stocks to their lowest points of the year.
Despite the sharp intraday declines, all three stocks staged notable recoveries, with CoreWeave, SoFi, and Opendoor ending the session 5%, 6%, and 16% higher, respectively.
CoreWeave shares touched an annual low of $59.51 as investors grew uneasy over $850 million in unsecured debt, with yields on that debt approaching 15%.
The high financing costs raised serious questions about whether CoreWeave’s aggressive expansion into AI computing infrastructure could generate sufficient returns for shareholders.
Some analysts pushed back against the bearish narrative, with Cantor Fitzgerald maintaining an “Overweight” rating and a $176 price target, characterizing the negative market reaction as excessive.
The firm pointed to strong demand for CoreWeave’s computing capacity projected into 2027, while Jefferies retained its “Buy” rating with a $150 price target, noting that short-duration contracts valued at roughly $40 million per megawatt could help offset more expensive funding.
Opendoor fell to a new yearly low of $1.90 as conditions in the U.S. housing market continued to deteriorate, with pending home sales dropping to their lowest level in 12 years.
Thirty-year mortgage rates climbed to 7.40% for the week ending October 8, making home purchases increasingly unaffordable and reducing the volume of transactions that Opendoor depends on for its buy-and-resell business model.
With fewer homes changing hands, Opendoor faces prolonged holding periods on its property inventory, compressing the margins between its acquisition and resale prices and adding pressure to an already strained balance sheet.
SoFi slid to a 52-week low of $13.86, as investors questioned whether the company’s revenue growth was translating into meaningful profit expansion at a comparable pace.
The company reported second-quarter revenue of $1.22 billion and raised its full-year revenue outlook to between $4.75 billion and $4.85 billion, yet its adjusted earnings-per-share guidance held steady at around $0.60.
Increased spending on marketing and customer acquisition weighed heavily on SoFi’s bottom line, limiting the profit upside that higher revenues might otherwise have delivered.
Keefe Bruyette last week lowered its price target for SoFi to $15 from $16 and kept an “Underperform” rating, warning that rising interest rates and a growing balance sheet could generate more than $1 billion in pressure this quarter.
The firm cautioned that this dynamic could force SoFi to issue more loans while simultaneously reducing available capital, creating a structural headwind that remains difficult to resolve in the near term.
Retail sentiment around SoFi shifted to “neutral” from “bullish” on Stocktwits, while Opendoor sentiment stayed “bearish” and CoreWeave retained a “bullish” reading despite the day’s volatility.
Taken together, year-to-date losses across the three stocks range from 2% to as much as 60%, reflecting the diverging but equally challenging pressures each company faces heading into the final stretch of 2026.
