CoreWeave shares plunge 16% as bond yields near 15%

CoreWeave shares fell by as much as 16% on October 14, 2026, after yields on the AI infrastructure provider’s bonds climbed toward 15%. The selloff in CoreWeave (NASDAQ: CRWV) took the stock to an intraday low somewhere near $65 to $68. The trigger was the bond market, which has started asking an uncomfortable question about debt-funded AI buildouts: can these companies actually afford the money they’ve borrowed? The bonds blinked first CoreWeave’s 9.625% senior unsecured notes due July 2032 hit a 15% yield intraday on October 13. They closed that session at 14.5%. Its 9.75% notes due 2031 were trading at roughly 14.9%. Those coupons were already high when the debt was issued. A yield sitting more than five percentage points above the coupon tells you the market has repriced CoreWeave’s credit meaningfully lower. Equity investors watched the bond market wobble on Monday. On Tuesday, they headed for the exits. Big backlog, bigger bills CoreWeave has a contracted revenue backlog nearing $104 billion. Revenue in the second quarter of 2026 doubled to $2.58 billion. The problem sits on the other side of the ledger. CoreWeave carries approximately $52 billion in debt obligations. In Q2 2...