By Daniel Sparks, The Motley Fool
Publication Date: 2026-10-16 04:06:00
Lenders are getting nervous about CoreWeave (NASDAQ:CRWV), a cloud company that rents out artificial intelligence (AI) chips made by Nvidia (NASDAQ:NVDA). In June, CoreWeave sold $1.25 billion in unsecured notes due 2032 at face value, with a 9.625% coupon. On Tuesday, Oct. 13, the yield on these notes reportedly reached almost 15% before ending at a record of around 14.5%.
A bond’s yield climbs when the price drops. Put another way, bond buyers now want much more to lend to CoreWeave than they did four months ago.
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The stock followed on Wednesday. CoreWeave shares dropped about 15% as of this writing, and Nvidia, which is both CoreWeave’s chip supplier and one of its shareholders, fell about 3% to roughly $221.
Should Nvidia investors worry? I don’t think so — at least not about CoreWeave itself. What Nvidia directly has riding on CoreWeave turns out to be small next to what the chipmaker earns.
Image source: Nvidia.
CoreWeave’s borrowing problem
CoreWeave’s trouble doesn’t seem to be demand. Showing how quickly the business is still growing, CoreWeave’s second-quarter revenue more than doubled year over year to around…
