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CoreWeave shares and bonds fall on AI debt fears

The AI cloud provider’s stock dropped 15.5 per cent as yields on its bonds neared 15 per cent, and the selling spread to Asian chipmakers.

By Alexandre S. , 06:30 UTC

Shares in CoreWeave, which rents out computing power for AI, sank 15.5 per cent on Wednesday 14 October 2026, CNBC reports. Behind the drop is a fear that too much of the AI data centre boom runs on borrowed money. A bond’s yield is the return a buyer earns for lending to a company, and it climbs when lenders see more risk. On two CoreWeave bonds it reached about 14.8 and 14.9 per cent.

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Borrowed money paid for most of CoreWeave’s growth to 51 data centres, up from three four years ago, SiliconANGLE reports. S&P rates its credit B+, a junk grade, CNBC adds. In a memo to staff, chief executive Mike Intrator said he is “confident in our backlog which more than supports all of our debt obligations”.

Other AI stocks fell with it. Oracle closed nearly 9 per cent lower and Dell about 11 per cent lower, CNBC reports, and the Nasdaq dropped 1.9 per cent. A hotter than expected US inflation reading added to the pressure. In Asia on Thursday, SK Hynix fell more than 10 per cent and Samsung Electronics 8.73 per cent, CNBC reports, as investors worried that higher borrowing costs could weigh on AI spending.

For anyone budgeting for AI services, lenders are now charging more to fund the data centres those services run on.

Sources

  1. CNBC: CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge. Checked
  2. SiliconANGLE: Shares of Oracle, neoclouds drop on CoreWeave debt concerns. Checked
  3. CNBC: SK Hynix shares plunge 10% amid Asia tech rout as Fed rate hike fears, AI funding worries mount. Checked
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Alexandre S.

Alexandre S. is a creative ad strategist and copywriter with ten years' experience in digital marketing across multiple channels.

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