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CoreWeaves slump spotlights growing burden of debt behind AI boom

CoreWeaves slump spotlights growing burden of debt behind AI boom

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CoreWeaves slump spotlights growing burden of debt behind AI boom
Image: CoreWeaves slump spotlights growing burden of debt behind AI boom

By Aditya Soni, Anhata Rooprai and Laura MatthewsOct 15 (Reuters) - Shares of Nvidia-backed CoreWeave steadied on Thursday after a sharp slump, as investors worried about the debt financing behind the artificial intelligence build-out.The loss-making cloud company has about $50 billion in debt and has become a focus of concerns that the data-center boom is being fueled by credit, straining newer players and pressuring cash flows even at giants such as Alphabet and Meta Platforms.CoreWeave's slump fueled a global rout…

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