StocksMedium•11 November 2026•
1 min read
Applied Digital Hits 52-Week Low on CoreWeave Counterparty Debt Risks
Key Facts
1Applied Digital holds an $11 billion exposure to CoreWeave through a 15-year lease agreement.
2CoreWeave's total debt reached $51.6 billion, with unsecured bond yields hitting approximately 16%.
Applied Digital's stock hit a 52-week low as investors grew concerned over its massive $11 billion exposure to tenant CoreWeave through a 15-year lease agreement. Foreign Policy Journal reported that CoreWeave's total debt reached $51.6 billion, with unsecured bond yields hitting approximately 16%, signaling deep financial distress and restricted market access.
APLD closed at $16.68 on November 10, 2026, while CRWV closed at $48.73 on the same date. According to Foreign Policy Journal, CoreWeave is largely shut out of unsecured bond markets at a time when it requires tens of billions in additional funding, threatening its ability to fulfill long-term lease obligations to Applied Digital which anchor the company's financial outlook.