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%.
Find public news by keyword, exact ticker, category and date.
Open a ticker page for its news coverage. The news search below stays a text search.
6 results loaded, newest first. End of these results. The latest changes are still being indexed. Try again shortly for updated results.
CoreWeave shares fell about 15.5% at Wednesday's close. Yields on its 9.625% notes due in 2032 reached 14.8%.
By Jamie McGeever ORLANDO, Florida, Oct 14 (Reuters) — US stocks fell sharply on Wednesday, with the Nasdaq clocking its biggest fall in three months, on surprisingly strong inflation data and deepening worries over the costs involved in financing the AI buildout. The inflation figures put a Fed rate hike later this mo
Bloom Energy shares were down 9.87% at $237.46 at publication. The report linked pressure on data-center infrastructure stocks to persistent inflation and concerns that interest rates will stay high.
Applied Digital shares fell 9.36% to $20.35, near the stock’s 52-week low of $19.00. The report cites a jump in CoreWeave bond yields and hotter-than-expected September inflation as pressures on rate-sensitive stocks.
D.A. Davidson analyst Gil Luria warned that CoreWeave’s equity could become worthless if AI spending weakens, citing borrowing costs he says exceed investment returns. He characterized this as a downside scenario, not his formal forecast; the firm downgraded the stock to Neutral in May.
TeraWulf Inc. (NASDAQ: WULF) shares are lower as AI cloud services stocks decline broadly, with rising inflation fears and higher bond yields weighing on high-growth companies.