Sounds exactly like Oracle, doesn't it?
CoreWeave carries more than $50 billion in debt outstanding as of the end of June, after raising more than $30 billion in the debt markets this year alone. That is leverage piled on leverage, built on the assumption that AI demand is infinite and compute gluts are impossible.
- The bond market is now saying otherwise.* Wells Fargo's Luis Alvarado put it plainly: "The era of easy money, which we experienced in the first nine months of the year, is starting to disappear and dissipate."
https://dissenter.com/opinion/coreweaves-distressed-bonds-signal-the-ai-bubble-is-popping