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CoreWeave shares fall as lenders demand a 15% return

The stock fell as much as 15% on Wednesday after the yield on its bonds due 2032 touched 15% the day before. CoreWeave rents out Nvidia chips and paid for many of them with debt: about $52 billion at the end of June, up from about $15 billion a year earlier. Nebius and Oracle also fell.

Hype check: one day’s drop isn’t the end of the AI boom. It does show lenders now charge real risk prices to companies that borrowed heavily to buy AI chips.
Market dataYahoo Finance