CoreWeave shares fall 16% as bond yields approach 15% amid AI debt worries
CoreWeave stock dropped 16% on Wednesday while yields on its 2031 and 2032 bonds climbed near 14.8-14.9%, reflecting falling bond prices. Wells Fargo's Luis Alvarado said investors are now demanding greater compensation for risk as cheap financing conditions fade, and investor Chamath Palihapitiya publicly flagged the bond yield spike, drawing a reaction from Elon Musk.