CoreWeave Credit Stress: Bonds Tumble, Shares at Multi-Month Lows
CoreWeave shares fell ~6% to their lowest since May 2025 while its bonds sold off sharply, with HSBC issuing a scathing counter to Goldman's upgrade — projecting a crash to $39. Separately, Anthropic is reportedly in talks with neocloud nscale for a second multibillion-dollar deal.
What we know
An account on X reported $CRWV shares falling 5.8% to their lowest since May 2025, with October 2031 bonds dropping to 79.46 cents and June 2030 bonds to 83.10 cents on the dollar: link. Another account on X amplified HSBC's devastating counter to Goldman Sachs' recent CoreWeave upgrade: "the more it invests, the more the value destruction," with a price target of $39. Separately, but tied to the same AI infrastructure theme, another account on X broke news that Anthropic is in talks with neocloud nscale for a second multibillion-dollar compute deal. Another account on X provided context: AI-related bond issuance has surged to $419B in 2026 alone, 90% higher than all of 2025 — warning that "every equity bubble inevitably becomes a credit bubble." @toly added color, noting Anthropic already has $518B in noncancelable compute contracts.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.