CoreWeave's debt load faces test ahead of Q3 earnings report
CoreWeave is set to report third-quarter results, with investors focused on how the AI cloud provider plans to finance its data center expansion. Its stock has fallen about 40% over the past month, while bond yields and credit default swap spreads have climbed to distressed levels, reflecting investor concern over its debt. The company's debt-to-equity ratio has risen to 702% from about 291% a year earlier.