Gone quietEconomy

CoreWeave bond slump and AI debt fears

CoreWeave's credit risk hit an all-time high as its high-yield bonds fell further, rattled by plans to tap insurers' capital pools.

Developments: 4
Outlets: 3
Followed since: 14 Oct

The latest development

BloombergThu 15 Oct · 16:30 UTC
CoreWeave’s credit risk climbed to an all-time high Thursday as its high-yield bonds extended declines, rattled by the…

01The story so far

four developments over two days, a square each

02Developmentsnewest first

Thursday 15 October

2 developments

16:30 UTC· the latest
CoreWeave credit risk hits record high as bonds extend slide
The measure of its credit risk climbed to an all-time high on its talk of borrowing from insurers.
1 sourceBloomberg
- BloombergBlueskyThu 15 Oct, 16:30
  CoreWeave’s credit risk climbed to an all-time high Thursday as its high-yield bonds extended declines, rattled by the AI cloud-computing company’s plans to ramp up borrowing A measure of CoreWeave Inc.’s credit risk climbed to an all-time high Thursday as its high-yield bonds e
  The original post
13:35 UTC
CoreWeave shares and bonds tumble again amid AI selloff
CoreWeave's stock and bonds fell on Thursday despite CEO assurances about its deal backlog; the wider tech selloff is forcing AI firms to delay fundraising or pay more for capital.
3 sourcesReuters
- ReutersBlueskyThu 15 Oct, 13:35
  CoreWeave's slump puts spotlight on debt behind AI boom Shares and bonds of Nvidia-backed CoreWeave tumbled again on Thursday despite CEO assurances about its strong deal backlog, laying bare a growing crisis of confidence in an AI build-out increasingly financed with borrowed
  The original post
- ReutersBlueskyThu 15 Oct, 15:00
  Analysts react to Coreweave debt woes, AI selloff A selloff in US technology stocks and their bonds intensified on Thursday as high borrowing costs put the financing behind AI’s massive infrastructure buildout under growing scrutiny.
  The original post
- ReutersBlueskyThu 15 Oct, 15:05
  Market selloff, rising rates test AI data centre deal boom A market selloff is forcing companies driving the global AI boom to delay fundraising plans or pay more for capital as investors demand proof they can absorb rising interest rates and computing-power costs.
  The original post

Wednesday 14 October

2 developments

20:15 UTC
CoreWeave falls 15% as AI stocks slump on hot CPI
CEO Mike Intrator cited a strong backlog in a staff memo after shares closed down about 15% in a wider AI selloff.
2 sourcesReuters
- ReutersBlueskyWed 14 Oct, 20:15
  Red hot CPI report fuels AI rout Major AI stocks slumped on Wednesday following the latest hot US inflation report, highlighting investor concern about the risks posed by rising borrowing costs in this capital-intensive sector.
  The original post
- ReutersBlueskyWed 14 Oct, 20:45
  CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny CoreWeave CEO Mike Intrator said on Wednesday market can sometimes "misunderstand and act irrationally", with shares of the AI cloud-computing ‌provider closing down around 15%.
  The original post
16:40 UTC
CoreWeave shares and bonds plunge on AI borrowing fears
CoreWeave's stock dropped more than 15% and its bond yields neared 15% as higher rate expectations raised concerns about financing the AI build-out; Oracle fell over 7%.
3 sourcesReuters, Techmeme, Bloomberg
- ReutersBlueskyWed 14 Oct, 16:40
  AI infrastructure firms slump as US rate hike bets rise Shares of debt-heavy AI firms tumbled on Wednesday as prospects of higher interest rates intensified concerns over the financing of the industry's massive buildout.
  The original post
- TechmemeRSSWed 14 Oct, 16:45
  CoreWeave stock drops 15%+ and its bond yields near 15%, over concerns that some tech companies are borrowing too heavily for the AI build-out; ORCL is down 7%+ (Michelle Fox/CNBC) Michelle Fox / CNBC: CoreWeave stock drops 15%+ and its bond yields near 15%, over concerns that s
  The original post
- BloombergBlueskyWed 14 Oct, 18:40
  CoreWeave’s bonds have plunged to levels that typically indicate distress, in a swift move that has caught the attention of Silicon Valley leaders including Chamath Palihapitiya and Elon Musk. CoreWeave Inc.’s bonds have plunged to levels that typically indicate distress, in a s
  The original post