Mounting fears that CoreWeave’s debt stress may signal a broader problem with the insatiable borrowing-driven artificial intelligence infrastructure build-out slammed tech stocks this week. The Nasdaq logged a weekly loss of 4.5%. CoreWeave stock plunged nearly 12% on Friday. Shares of the neocloud declined every day except Thursday, losing a quarter of their value since last Friday’s close. Perhaps even more concerning than the stock rout has been the jump in CoreWeave corporate bond yields and spike in credit default swaps, a kind of insurance policy on debt. Corporate credit quality is getting a lot of attention these days, as funding costs increase due to above-target inflation that just won’t quit and investor worries about the…
