COREWEAVE'S CREDIT SWAPS TOP 1,000 BASIS POINTS

CoreWeave's five-year credit-default swaps raced past 1,000 basis points this month, a level traders read as deep distress for the Nvidia-backed AI cloud provider. The stock sank 22% in a single week as investors grew nervous about how the company will repay its debt. That selloff came despite CoreWeave holding roughly $104 billion in contracted future revenue, the widest gap yet between AI demand and AI credit risk. $CRWV is becoming the market's stress test for the entire AI buildout.