AI sector rout eases as tech investors buy the dip
Market pressure on riskiest AI borrowers moderated as tech sector buyers returned following a weak US open. Declining bond yields helped ease pressure on companies like CoreWeave.
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CoreWeave shares fell 2% on Thursday as a market rout in capital-intensive AI borrowers moderated across the United States. The pullback followed a weak open as declining bond yields eased immediate pressure on the technology sector. That cooling came after CoreWeave stock tumbled 15% earlier in the week amid soaring financing costs.
