Business & Economy · 3 views
CoreWeave investor explains how the loss-making AI ‘neocloud’ provider plans to claw its way out of debt
Shares in the AI “neocloud” provider CoreWeave fell 15.46% on Wednesday, and were down a further 5.62% in post-market trading, after venture capitalist Chamath Palihapitiya posted on X a chart showing the yield on CoreWeave’s bonds…
Summary
Shares in the AI “neocloud” provider CoreWeave fell 15.46% on Wednesday, and were down a further 5.62% in post-market trading, after venture capitalist Chamath Palihapitiya posted on X a chart showing the yield on CoreWeave’s bonds touching 15%. That’s an indicator that investors were demanding a steep premium for holding its debt. “Is the AI buildout creating a private credit bubble?” Palihapitiya asked.
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