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.
Articles (4)
Google News·
'Yikes': CoreWeave stock tanks on bond yield woes, CEO blames market 'irrationally'
Yahoo Finance·
'Yikes': CoreWeave stock tanks on bond yield woes, CEO blames market 'irrationally'
Yahoo Finance·
Major US banks post solid third quarter loan growth, but see more competition for deposits
Yahoo Finance·
OpenAI infrastructure lead Sachin Katti to depart next month, WSJ reports