CoreWeave selloff raises doubts over AI data-center financing

· Politics · United States

CoreWeave shares fell 25% for the week, and its bond yields and credit default swaps surged, as investors questioned the debt financing behind AI data centers. The stock dropped 27.5% from the prior Friday's close to Thursday morning's 52-week lows before rebounding 17% from Thursday's lows. The AI rout spread to "neocloud" stocks and widened the valuation spread between OpenAI and Anthropic. One expert said the market is repricing excess hype, not losing demand for viable data-center projects, describing AI infrastructure as facing a delivery constraint on sites with land, power, zoning and infrastructure.

Why it matters：Widening credit stress at AI infrastructure firms could raise borrowing costs across the buildout, testing the investment boom underpinning the tech rally.

Key points

  • CoreWeave fell 25% for the week as its debt metrics deteriorated.
  • The stock hit 52-week lows before rebounding 17% from Thursday's low.
  • The selloff widened the valuation gap between OpenAI and Anthropic.

Sources (original reporting)

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