CoreWeave Sinks 7% as Rising Yields Test the Most Leveraged AI Landlord
CoreWeave (CRWV) shares dropped 7% as rising 10-year Treasury yields, hitting 4.73%, impacted its heavily leveraged capital structure. Despite robust revenue growth, a $104 billion backlog, and a 59% adjusted EBITDA margin, the company's $640 million quarterly interest expense and high net debt-to-EBITDA ratio …