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Goldman Sachs raised its rating on CoreWeave shares to a buy recommendation on Monday. Analyst Gabriela Borges argues that CoreWeave's unsecured spreads of 13.5-15.0% are not representative of its true cost of new debt.
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Summary by ByteBrief
CoreWeave says it is targeting insurers' "unlimited" capital, as the AI cloud provider seeks cheaper ways to fund the tens of billions it is spending on chips (Ryan McMorrow/Financial Times)
CoreWeave Stock Drops 10% Amid Price Hikes
Bond Investors Sell CoreWeave Debt