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Story summary
- CoreWeave shares dropped more than 6% in early trading on Oct 16.
- The stock lost roughly $9.6 billion, about one-fifth of its value, in October.
- CoreWeave carries $50 billion debt, with its Oct 2031 bond yield briefly exceeding 16%.
- Insurance cost on the debt rose above 1,000 basis points, hitting record highs this week.
