Shares of cloud computing company Coreweave (CRWV) fell more than 8% on Friday amid concerns about AI. A Friday report revealed that data center partner Blue Owl Capital hasn’t secured debt financing for a project. Blue Owl and CoreWeave partnered last year to build a data center in Lancaster, Pa. Blue Owl has failed to secure $4 billion in debt financing for the data center project, according to a Business Insider report.

This is in contrast to what CoreWeave Chief Executive Michael Intrator told CNBC on Friday, where he said that the data center is financed and on schedule. Blue Owl Capital, which is co-developing the project, said it had “considered” third-party financing for the Lancaster facility, as we would with any transaction, as we explore alternatives before choosing the most attractive path forward.” The company added that the project is already under construction and “is fully funded, on time, and on budget.”

It remains unclear whether Blue Owl is funding construction entirely from its own capital. If the company cannot raise debt for the development, it could face a substantial cash outlay to complete the data center’s construction. Blue Owl has also partnered with Meta Platforms (META) and Oracle (ORCL) for large data center projects.

Also Read: Amazon (AMZN) vs Walmart (WMT): Why AMZN is The Top Choice

Fourth quarter earnings for CoreWeave stock are due Feb. 26. Nvidia has been a strategic partner of CoreWeave and owns about 7% of the company. With Friday’s retreat, CoreWeave stock has climbed about 23% in 2026. CoreWeave stock advanced 77% last year but pulled back from an all-time high of 187 set on June 20. While some analysts project a big AI market opportunity for CoreWeave, others fret about customer concentration and high debt.