Stock price plunges 36% within a month, CDS spreads soar: AI cloud service provider CoreWeave (CRWV.US) mired in a crisis of confidence

Zhitong Finance APP has learned that CoreWeave (CRWV.US) is facing a crisis of confidence, with both its stocks and bonds being sold off. As interest rates soar and concerns about AI infrastructure buildout intensify, heavily indebted new cloud service providers like CoreWeave are seen by many market participants as the most vulnerable trades in the AI sector.