Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, reacts during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025.
CoreWeave stock rose more than 1% after the renter of artificial intelligence data centers said it plans to sell $1.5 billion worth of bonds.
The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt.
In May, the company announced a $2 billion debt offering plan that sent shares soaring 19%. At the time, CNBC confirmed that the debt was five times oversubscribed. Last week, Coreweave shares rallied after the company announced a $6 billion AI data center project in Pennsylvania.