CoreWeave Bonds Fall as Investors Reassess AI Buildout Financing
CoreWeave bonds declined this week as rising borrowing costs and scrutiny of debt-funded expansion weigh on investor willingness to finance AI infrastructure.
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10:09:37 AM UTC
SquawkNews
CoreWeave's shares and bonds were headed for steep weekly losses on Friday, as investors grew uneasy about the debt financing behind the AI build-out in the face of rising borrowing costs.The firm's shares NASDAQ:CRWV dipped 4.1% in premarket trading on Friday, after jumping 5.9% in the last sessio…
By Suzanne McGee and Gertrude Chavez-DreyfussA sharp decline in CoreWeave's NASDAQ:CRWV bonds this week is emerging as a test of investors' willingness to keep financing the massive buildout of AI infrastructure, as rising borrowing costs and scrutiny of debt-funded expansion hit the sector.Analyst…