CoreWeave Shares Slide Again Premarket
CoreWeave shares are falling again in premarket trading as investors question how the AI cloud-computing provider will handle higher borrowing costs.
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UPDATE 1 — CoreWeave's slump puts spotlight on debt behind AI boom
CoreWeave has $50 billion in debt Debt insurance costs hit about 1,000 basis points, implying high default risk Nvidia backstop covers unsold capacity through April 2032 CoreWeave slide worsens, stock down 6% (Adds bullets, analyst comments, insurance risk, graphics) By Aditya Soni and Anhata Rooprai Oct 15 (Reuters)