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AI lending frenzy sparks concern as CoreWeave shares plummet 16%, bond yields approach 15%.
Shares of AI infrastructure provider CoreWeave plunged 16% on Wednesday, with its bond yields soaring further. The yield on its 2032 bonds hit 14.8%, while 2031 bonds reached 14.9%. Market concerns that some tech companies are over-leveraging for AI development have shifted investor sentiment, demanding higher risk compensation. Tech investors Chamath Palihapitiya and Musk have both expressed concerns. Oracle's stock fell nearly 7% and the Nasdaq Composite Index dropped 1.4% as a result.
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