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CoreWeave Junk Bonds Slide Further as Investors Question AI Boom

CoreWeave Junk Bonds Slide Further as Investors Question AI Boom
Bloomberg Markets Thursday 02 July 2026, 12:15 UTC By Eleanor Duncan, Abhinav Ramnarayan 1 min read
Key Points

CoreWeave Junk Bonds Slide Further as Investors Question AI Boom Bonds issued last month by AI infrastructure firm CoreWeave Inc. fell for a second day running after reports that Meta Platforms Inc. is developing plans for a competing cloud business hit its shares and debt. The price of CoreWeave’s euro bond has fallen almost two cents over the past two days, to 96.8. The €2 billion ($2.3 billion) note was the first euro-denominated junk bond to be issued by a US AI infrastructure company.

CoreWeave Junk Bonds Slide Further as Investors Question AI Boom Bonds issued last month by AI infrastructure firm CoreWeave Inc. fell for a second day running after reports that Meta Platforms Inc. is developing plans for a competing cloud business hit its shares and debt. The price of CoreWeave’s euro bond has fallen almost two cents over the past two days, to 96.8. The €2 billion ($2.3 billion) note was the first euro-denominated junk bond to be issued by a US AI infrastructure company. A $1.25 billion dollar bond — also issued in June — dropped around 1.3 cents, to 97.3, by close of trading on Wednesday.
AI (ORG) CoreWeave Inc. (ORG) Meta Platforms Inc. (ORG) CoreWeave (ORG) US (LOCATION)
Originally published by Bloomberg Markets Read original →

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