AIET Techabout 2 hours ago
CoreWeave Shares Plunge 20% on Debt Fear
4 min read
CoreWeave shares plunged 20% in the first three trading sessions as debt hit distress levels. Swaps priced a 60% default chance within five years. CEO Mike Intrator stated signed deals cover the company's $50bn debt, while Nvidia agreed to buy unsold capacity until April 2032.
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