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Why CoreWeaves troubles are rattling the AI boom

Why CoreWeaves troubles are rattling the AI boom

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Why CoreWeaves troubles are rattling the AI boom
Image: Why CoreWeaves troubles are rattling the AI boom

By Anhata Rooprai and Aditya SoniOct 15 (Reuters) - CoreWeave's mounting debt is raising fresh concerns about the AI boom, as investors question whether demand can justify the billions being borrowed to build data centres.Shares and bonds of the Nvidia-backed company have tumbleddespite its CEO's assurances of a strong contract backlog, fueling a broader selloff in technology stocks.Here is why investors are worried and what its troubles could mean for the industry.WHAT DOES COREWEAVE DO?CoreWeave rents out computing power from…

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