CoreWeave CEO Notes Strong Backlog in Memo to Reassure Staff over Market Scrutiny
Michael Intrator said CoreWeave’s backlog more than covers its debt as bonds and shares fell on investor worries about AI financing.
- CoreWeave shares fell more than 15% during the week as investors questioned the company’s heavy borrowing and ability to manage about $50 billion in debt.
- CoreWeave’s 2031 bond yield briefly exceeded 16%, a level associated with financial distress, while the cost of insuring its debt against default surpassed 1,000 basis points.
- Chief Executive Mike Intrator told staff that signed contracts more than cover the company’s debt and said markets can “misunderstand and act irrationally.”
- The sell-off spread to AI companies as investors questioned whether rising debt and possible overbuilding could weaken profits across the sector.
226 Articles
226 Articles
Report says 'circular financing' shows AI bubble 'primed to pop'
A report released on Wednesday warns that the investment boom in artificial intelligence is a financial bubble that is “primed to pop” and harm working-class Americans if lawmakers don’t take concrete steps to shield them from the damage. The report, produced by Open Markets Institute and Americans for Financial Reform Education Fund, warns that Big […]
The foolish AI stock freak-out
Financial market sentiment is overwhelmingly negative at present. The semiconductor sector just experienced its worst drawdown since the Great Recession, and the neocloud stocks, which just a few months ago were on everyone’s buy lists, have imploded on fears of an artificial intelligence bubble. That’s just the start. Both Anthropic and OpenAI — with their […]
Top lab's financial data shows the AI bubble is about to pop, says controversial analyst
Since generative artificial intelligence arrived in 2022, analysts have warned that the AI bubble is real and that it could burst at any time. Now, we finally have proof that the end may be closer than we think, thanks to tangible data that is hard to refute.The early days of generative AI were rife with hype and optimism, with a laundry list of promises from everyone involved, from investors to developers and all in between. Goldman Sachs said …
The debt that drives the development of artificial intelligence is becoming a growing risk. Who will bear the costs in the event of a breakdown?
The enthusiasm around artificial intelligence begins to crack as the results season approaches. The companies linked to the AI have issued $466 billion in debt so far in 2026, compared to the 101 billion recorded during the same period last year, an increase of 361%. The ... Continue reading "The debt of the AI is triggered by 360%: Wall Street questions the profitability of the great technology"
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