COREWEAVE SHARES SINK 15% AS BOND YIELD SPIKES

CoreWeave shares plummeted 15% on Wednesday after a report showed the AI cloud company's bond yield climbing to 15%, a level investors read as distressed debt. The selloff spread beyond the company: Nebius Group, another AI infrastructure name, tumbled more than 9% in sympathy. The scare landed the same day hot September inflation data in the US reignited bets on a Federal Reserve rate hike, pushing borrowing costs higher across markets. $CRWV's slide shows how exposed AI data center financing has become to a shift in rate expectations.