# Coreweave Opened 7.7% Lower as Chip Index Headed for Eighth Straight Loss

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/33575
Published: 2026-10-16T23:48:38.000Z
Updated: 2026-10-16T23:48:38.000Z
Section: Investing

> The Philadelphia Semiconductor Index was down nearly 2% on Oct. 16 and was on course for its longest losing streak since May 2006.

Coreweave (CRWV.O) opened 7.7% lower Friday, Oct. 16, while the Philadelphia Semiconductor Index was down nearly 2% and on course for an eighth consecutive daily loss.

That would be the index’s longest losing streak since May 2006.