CoreWeave Joins Nebius, SMCI, IREN In Convertibles Frenzy — Bulls Beware
AI infrastructure might be the hottest trade on the screen, but the way it's being financed is a lot less glamorous. CoreWeave Inc (NASDAQ:CRWV) just announced a $2 billion private offering of convertible senior notes due 2031 — and the stock promptly slid as much as 6%–9% today, a sharp reminder that the AI boom is increasingly being built on IOUs.Track CRWV stock here.CoreWeave Hits The Convert ButtonCoreWeave's deal adds another chunky layer of debt to a balance sheet already under scrutiny, with an opti ...