Finance2 sources

CoreWeave Stock Plummets Amid Rising Bond Yields

  • CoreWeave's stock has experienced a sharp decline as bond yields approach 15%.
  • CEO of CoreWeave blames the market's reaction as 'irrational' to the bond yield increase.
  • The rise in bond yields has caused concern about the borrowing costs for AI companies.
  • CoreWeave was previously predicted to be one of the most explosive AI stocks of the decade.
  • The situation has led to a rout in AI stocks, fueled by a red-hot CPI report.
CoreWeave Stock Plummets Amid Rising Bond Yields | Split Angle