CoreWeave, an AI cloud provider backed by Nvidia, has secured multi-billion-dollar contracts with Microsoft, OpenAI, Meta, and Nvidia. The company, led by CEO Mike Intrator, faces approximately $50 billion in debt but has obtained major loans from private-credit investors and banks including Blackstone, Morgan Stanley, and JPMorgan. Despite this financial support, the market remains cautious: CoreWeave’s shares and bonds are declining while credit-default insurance costs are rising. The probability of CoreWeave announcing bankruptcy before the end of 2027 has slightly increased, according to market indicators.
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