CoreWeave stock and bonds plunge on debt and rate-hike fears

reuters.com [$] —

CoreWeave shares and bonds are headed for steep weekly losses as investor concerns grow over the company's $50 billion debt load amid rising interest-rate hike expectations. The Nvidia-backed cloud firm's stock fell over 11% on Friday, bringing weekly losses to nearly 25%, its worst performance in over 11 months. The selloff reflects broader worries that AI infrastructure companies may struggle to generate enough revenue to service their debt. CoreWeave's 2031 bond yield briefly surpassed 16% on Thursday, while credit insurance costs hit record highs above 1,000 basis points. CEO Michael Intrator and related entities have sold nearly $1 billion in stock since the March 2025 IPO.


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