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AI bond selloff drives CoreWeave debt below 80 cents

By Drooid · Oct 17, 2026, 2:13 AM UTC · How we work

Summary

U.S. investors dump AI-bonds

U.S. investors dumped AI-related bonds, pushing CoreWeave debt below 80 cents on the dollar.
High-yield AI debt spreads widened above 400 basis points, while non-AI BB/B spreads stayed near 250 bps.
CME FedWatch shows a 74.3% chance the Federal Reserve will raise rates on Oct. 28-29 and possibly in December.
The Nasdaq Composite fell 573 points to 26,140, its worst week since June, while the S&P 500 slipped 1.1%.

Summary

Musk wealth plummets

Elon Musk’s net worth fell nearly $42 billion after the tech sell-off, Forbes reported.
Mark Zuckerberg lost $6.2 billion in market value after the sell-off.
Jensen Huang’s Nvidia market value dropped $4 billion after the sell-off.
Chinese memory-chip maker CXMT announced progress on advanced chips, unsettling investors betting on U.S. and South Korean dominance.

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U.S. investors dump AI-bonds

U.S. investors dumped AI-related bonds, pushing CoreWeave debt below 80 cents on the dollar.
High-yield AI debt spreads widened above 400 basis points, while non-AI BB/B spreads stayed near 250 bps.
CME FedWatch shows a 74.3% chance the Federal Reserve will raise rates on Oct. 28-29 and possibly in December.
The Nasdaq Composite fell 573 points to 26,140, its worst week since June, while the S&P 500 slipped 1.1%.

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