EconomyCoreWeave’s debt is becoming the whole AI industry’s problem
CoreWeave’s bonds entered distressed territory and its shares have fallen more than 20 percent since Tuesday’s close. The company carries more than $35 billion in debt and has been losing money, raising concerns that higher borrowing costs could make profitability harder. Long-term customer contracts, however, offer substantial committed revenue.
CoreWeave’s debt is becoming the whole AI industry’s problem
Economy