AI Cloud Service Provider CoreWeave's Bonds Plummet to Distressed Levels, Drawing Market Attention

7 hour ago / Read about 0 minute

Author：小编

The price of AI cloud computing service provider CoreWeave's unsecured bonds maturing in 2032 has dropped to less than 80% of their face value, with yields exceeding 15%, drawing market attention. Its credit default swaps have surged to historic highs, with market pricing indicating a more than 50% probability of default within the next five years, and its stock price fell as much as 16% intraday. Some analysts warn that if the AI financing boom subsides, CoreWeave may be unable to repay its high-cost debt, and its stock price could plummet to zero.

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