CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition - when investors demand 1,000 basis points more in yield than they'd get from government bonds. Last Tuesady Chamath "SPAC King" Palihapitiya noticed the distressed debt , and also asked whether the AI buildout was a private credit bubble . Its shares are down more than 20 percent since Tuesday's close, which is kind of a lot! There even seemed to be some collateral damage in the market on other AI companies, too. Now, I have also asked if the AI industry is a bubble, but when the SPAC King...

Source: The Verge