economy
Investors assess rising debt risks in the technology sector
50BUSD
CoreWeave has more than $50 billion in debt.
Credit-default-swap costs rose sharply for CoreWeave and several other technology companies as investors became more concerned about debt used to finance artificial-intelligence expansion. Analysts described CoreWeave as a possible warning sign for broader technology-sector credit risks.
1 sourceabc.net.auUpdated
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- 50BUSD
CoreWeave has more than $50 billion in debt.
“has taken on more than $US50 billion ($72 billion) in debt”
- 15.78%
The yield on CoreWeave bonds maturing in 2031 reached 15.78%.
“The yield on CoreWeave bonds set to mature in 2031 has hit 15.78 per cent.”
- 16%
CoreWeave's five-year credit-default-swap spread rose 16% to a record 1.14%.
“the spread on its five-year credit default swaps soared 16 per cent to a record 1.14 per cent”