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Benzinga
Benzinga
Business
Surbhi Jain

CoreWeave Joins Nebius, SMCI, IREN In Convertibles Frenzy — Bulls Beware

CoreWeave

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.

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