How CoreWeave Seduced the Bond Market
The Information
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Generative AI
CoreWeave’s shares are up 55% this month, but that rally tells just part of the story about the AI cloud provider. The company has tapped a range of sources for much-needed capital, giving it a commanding role in the AI build-out. CoreWeave’s big fundraising haul - totaling nearly $16B - also signals that both stock and debt investors are now going all in on data centers, power, chips and everything AI related. Surging demand for AI computing power has turned normally cautious bond investors into enthusiastic AI backers.