CoreWeave is facing market pressure as its bond yields have climbed to between 14.9% and 16%. The company's 9.625% notes due in 2032 reached a 15% yield before closing at 14.5% in a single session. On October 14, 2026, CoreWeave shares dropped 15.5% to close at $65.78.
GMI Cloud CEO Alex Yeh criticized these borrowing costs, comparing them to his own company's 3.45% loan in Taiwan dollars. As of June 2026, CoreWeave reported total debt and lease obligations of approximately $52 billion, with second-quarter interest expenses reaching roughly $640 million.
The selloff in CoreWeave bonds has impacted other AI-focused companies, including Nebius and Oracle. Co-founder Brannin McBee stated that the firm is now seeking investment-grade ratings for its debt backed by GPU hardware to access capital from insurers.
While some analysts maintain underperform ratings on CoreWeave stock, others highlight the company's contracted backlog, which currently exceeds $100 billion. This figure represents future business commitments intended to provide a financial cushion for the firm.
