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CoreWeave Shares Jump 5% as Debt Worries Ease

By Drooid · · How we work

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Story summary
  • CoreWeave shares rose 5% after slipping 8.3% amid debt worries.
  • CoreWeave carries about $50 billion of debt.
  • CoreWeave’s April bonds yield roughly 15%.
  • Insurance on CoreWeave’s debt rose to 1,000 bps, implying a 63% five-year default risk.
  • Nvidia CEO Jensen Huang said CoreWeave’s financial strength improves and capital costs fall daily.