TNW | Business
CoreWeave shares and bonds head for steep weekly losses over AI debt
The AI cloud provider’s stock is down over 15% this week, and insuring its $50bn debt has never cost more.
Via TNW | Business
·Excerpt
CoreWeave’s shares and bonds are on track for steep weekly losses, as investors worry about how much the AI cloud provider has borrowed, Reuters reported on Friday.
By Thursday’s close, the stock was down more than 15% for the week, its biggest weekly fall in about two months. It was also on course to lose a fifth of its value in October. Shares slipped another 4.1% in premarket trading on Friday, after bouncing back 5.9% the day before.
The selling…
Courtesy
This story was originally published by TNW | Business. All rights belong to the original publisher.
Read the original on thenextweb.com ↗