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CoreWeave Shares Plunge as Credit Swaps Surge Amid Debt Fears

By Drooid · · How we work

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Story summary
  • CoreWeave’s stock plunged and its credit default swaps surged amid debt-laden AI spending concerns.
  • Nvidia’s market cap repeatedly crossed $2 trillion to $5 trillion, prompting bearish alerts.
  • Federal Reserve rate hikes lifted bond yields to 20-year highs, tightening AI firms’ financing.
  • Gartner warned AI data-center owners must earn $8.5 trillion by 2030, yet forecasts top $3.6 trillion.