Business & Economy · 2 views
CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge
CoreWeave 's stock and bonds were both hit on Wednesday as investor fear grew that some technology companies are borrowing too heavily for the artificial intelligence build-out.
Summary
CoreWeave 's stock and bonds were both hit on Wednesday as investor fear grew that some technology companies are borrowing too heavily for the artificial intelligence build-out. Shares of the so-called neocloud nosedived 16%, while yields on its debt jumped higher. The yield to maturity on its 9.625% bond due in 2032 is sitting at 14.8%, while that of its 9.75% bond due in 2031 is around 14.9%. Bond yields move inversely to prices.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Business & Economy
Continue reading recent Business & Economy coverage
- Airport drop-off charges to be reviewed after sharp increaseContinue reading
- I paid $975 for Amtrak's business-class and then a first-class roomette on a 32-hour trip. Only one upgrade was worth it.Continue reading
- The Gen Z CEO of Lean In says the ‘broken rung’ is one of the most pervasive issues women face in their careersContinue reading
- 3 things that are driving inflation higherContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow