CRWV - HSBC WARNS COREWEAVE IS SPENDING BILLIONS TO DESTROY VALUE HSBC maintains its Reduce rating on CoreWeave, with a $39 price target implying 36% downside. The bank estimates CoreWeave's 2026–2030 return on invested capital at 8.9%, below its borrowing costs. With over $51 billion in debt and slowing AI revenue growth, HSBC warns further investment could destroy shareholder value.(彭博社)