CoreWeaves slump spotlights growing burden of debt behind AI boom
CoreWeaves slump spotlights growing burden of debt behind AI boom
Via mint

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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