CoreWeave Shares Fall 15.5% as Bond Yields Rise
CoreWeave shares fell about 15.5% at Wednesday's close. Yields on its 9.625% notes due in 2032 reached 14.8%.
CoreWeave NASDAQ:CRWV fell about 15.5% at Wednesday's close as investors questioned whether debt-funded AI infrastructure projects can earn enough to justify their cost, while borrowing costs rose on its bonds.Yields on CoreWeave's 9.625% notes due in 2032 reached 14.8%, while its 9.75% notes due i…