CoreWeave Shares and Bonds Fall Amid Debt Concerns Over AI Boom
CoreWeave shares and bonds fell again Thursday despite CEO assurances about its deal backlog, as attention turned to debt financing across the AI build-out.
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01:16:43 PM UTC
SquawkNews
CoreWeave Inc. (CRWV, Financials), the AI cloud provider, fell about 6% in premarket trading as investors kept questioning the cost of financing its rapid buildout.That follows a roughly 15% decrease. The selloff is really about CoreWeave's debt fundamentally.As bond rates increase, the corporatio…
By Aditya Soni and Anhata RoopraiShares and bonds of Nvidia-backed CoreWeave NASDAQ:CRWV tumbled again on Thursday despite CEO assurances about its strong deal backlog, laying bare a growing crisis of confidence in an AI build-out increasingly financed with borrowed money.The loss-making AI cloud c…