Is that good? Coreweave edition
On Tuesday, venture capitalist Chamath Palihapitiya posted a chart showing that the yield on $1.25 billion of CoreWeave bonds due in 2032 "touched 15% today, then closed at a new high" of 14.5%.
Is that good?
The company's interest expense rose to $640 million in the second quarter from $267 million a year earlier, and it lost $626 million in the quarter, according to Yahoo Finance data.
Is that good?
If the AI spending boom turns, "the equity value is going to be zero," D.A. Davidson analyst Gil Luria said on the Prof G Markets podcast. Luria, who rates the stock Neutral with a $100 price target, estimates that CoreWeave borrows at around 9% and earns about 1% on its investments.
Is that good?
If it closes near these levels, Wednesday would be CoreWeave's lowest close since July 29. The stock is down about 56% from its 52-week high of $150, set on Oct. 16, 2025, and down about 7% this year.
Is that good?