CoreWeave plunges 25% in a week as credit default swaps hit distress levels
MartinGTobias · x · 2026-10-19
Investor MartinGTobias says his earlier CoreWeave sell call is playing out as its debt catches up. Per CNBC, the neocloud — which borrows heavily to build data centers it rents to tech companies — fell 25% last week, its worst week since November 2025, with bond investors shunning the company and its credit default swaps reaching distress levels.
More from Venture
- Agentic coding beat expectations; other knowledge work could be next, analyst says — toptickcrypto · 2026-10-19
- Polymarket puts 15% odds on CoreWeave bankruptcy by end of 2027 — AccBalanced · 2026-10-19
- Kevin Roose: Anthropic IPO at $1T could unlock $200B, the largest philanthropic pledge ever — shakoistsLog · 2026-10-19
- Only 13% of 3,362 automation case studies use AI; agents appear in just 18 — Sonia_here89 · 2026-10-19
- Anthropic cofounders pledged 80% of equity to charity — 'trillion-dollar or zero-dollar company' — kevinroose · 2026-10-19
- 'Giving away 20% equity' vs losing $40B a year: founder mocks Anthropic's framing — PaulYacoubian · 2026-10-19