CoreWeave Shares Slide as AI Rout Deepens
Global markets face a deepening artificial intelligence selloff driven by mounting concerns over data center debt levels. CoreWeave shares slumped and bond yields surged as investors weighed funding risks, while major chipmakers reported robust underlying demand.
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CoreWeave shares fell 21% over Wednesday and late trading as a bruising AI selloff spread through South Korea and global credit markets. The data-centre operator sits on nearly $50 billion in debt, sparking investor anxiety over leverage in the sector. High-yield data-centre debt yields surged past 15%, triggering a broader flight to sovereign safety.
