CoreWeave Shares and Bonds Slide Further as AI Debt Fears Mount
CoreWeave shares and bonds fell further on Thursday despite CEO assurances about the company's strong deal backlog. Its stock fell 6% in premarket trading.
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11:47:55 AM UTC
SquawkNews
By Callum KeownThe artificial-intelligence trade is under serious pressure.Concerns about AI debt are spooking investors. CoreWeave is the focal point of the problem, and its stock was down again after a 15% slump in the previous session as the yield on its corporate bonds surged.Details of Anthrop…
Shares and bonds of AI cloud provider CoreWeave (NASDAQ:CRWV) fell further on Thursday, despite the CEO's assurances about the strength of its deal backlog. The decline came amid one of the sharpest investor-confidence crises yet for an AI build-out increasingly financed with borrowing. The stock dropped 6% in premarket trading after…