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The Economic Times
The Economic Times

CoreWeave launches $3 billion convertible debt sale

CoreWeave Nvidia

Nvidia-backed CoreWeave said on Thursday it plans to raise $3 billion through a convertible debt offering, highlighting the massive funding needs to support the AI infrastructure buildout.

Shares of the neocloud were down more than 2% in premarket trading. Through the last close, they have gained over 16% so far this year.

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