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CoreWeave shares tumble 16% as its bond yields near 15% on AI borrowing fears

CoreWeave's stock plunged 16% and its bonds sold off sharply as investors grew worried that tech companies are borrowing too heavily for the AI build-out. The yield to maturity on its 9.625% bond due in 2032 hit 14.8%, while its 9.75% bond due in 2031 traded around 14.9%. Wells Fargo's Luis Alvarado