CoreWeave Bond Yield Spikes to 15.6% as Shares Hit 17-Month Low
CRWV is trading near its 52-week low of $57.235 (8.3% above the low).
Summary
CoreWeave's 9.75% notes due 2031 are trading near 80.6 cents on the dollar, pushing the yield to 15.58% from about 11.3% in mid-August — a credit-market repricing that says investors now demand a steep premium to hold the debt. Shares fell 2.8% to $59.39 and touched $57.24 intraday, the lowest since May 2025, leaving the stock down 32% in a month and 57% from its June high of $138.25. This builds on the July episode when the company had to raise yields above 10% on its $2.6B Anthropic-linked loan, and it comes weeks after the upsized $4.2B convertible notes closed on September 22 — the company keeps leaning on expensive capital while carrying $35.6B of debt against a $626M quarterly net loss. The analyst picture is split: Goldman upgraded to Buy Monday with a $106 target (cut from $139), citing 25% July and 10% October price increases, while HSBC kept Reduce with a $39 target on weaker revenue-per-megawatt economics versus larger cloud providers. The 15.5% yield is the number that matters — it raises the cost of refinancing and makes the equity look increasingly levered to a single AI-demand thesis.
At the time of this announcement, CRWV was trading at $61.98 on NASDAQ in the Technology sector, with a market capitalization of approximately $34.2B. The 52-week trading range was $57.24 to $141.79. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Benzinga.