CoreWeave Stock Plunges 10% as Bond Yields Hit 15% Amid AI Financing Concerns
Key Facts
CoreWeave stock fell 10% to $70.37 in morning trading, according to 247wallst.com. The decline followed the company's unsecured bond yields touching 15%, a spike that has revived concerns over its ability to finance AI chip acquisitions. The market reaction was further influenced by social media comments from Elon Musk regarding the company's yield levels.
The downturn impacted peer AI infrastructure stocks, with Nebius shares dropping 6% and Oracle also slipping. Regarding prior performance, CRWV closed at $77.81 on October 13, 2026, while NBIS closed at $206.86 and ORCL closed at $143.20 on the same date. CoreWeave, which rents NVIDIA chip capacity, largely funds its hardware through debt secured against the chips and associated customer contracts.