CoreWeave is trading at $2.60, down 13.46%, as investors focus on financing risks.
- The company announced a $3 billion convertible-note offering and an at-the-market program for up to 35 million shares.
- Bond yields reportedly reached nearly 15% before closing at a record 14.5%; rising financing costs and dilution concerns weighed on sentiment.
- AI infrastructure peers also fell, while hotter-than-expected headline CPI pressured growth stocks and broader markets.