CoreWeave Credit Risk Hits Record as Market Prices 60% Default Odds

CoreWeave Inc.'s credit risk climbed to an all-time high Thursday as its high-yield bonds extended declines. The selloff was driven by the AI cloud-computing company's plans to ramp up borrowing.

• CoreWeave credit risk reached an all-time high
• High-yield bonds extended their declines
• Market prices 60% odds of default
• Triggered by plans to ramp up borrowing