CoreWeave shares plunged 14% to $66.73 on October 15, triggered by a surge in yields on its 2032 unsecured bonds. Investor anxiety regarding the company's debt burden intensified following a comment by Elon Musk on X, sparking broader panic over AI-related debt. Amid the decline, market speculation emerged about a potential intervention by Nvidia as a financial backer, while the stock continued to drop during Thursday's trading session.
CoreWeave stock dropped to $66.73 following a spike in unsecured bond yields and intensified investor scrutiny over the company's debt burden.
Read the full story