CoreWeave and Nebius Stocks Sink as AI Debt Spreads Widen, Goldman Sachs Says

TLDR CoreWeave and Nebius shares fell about 9% on Friday and are down roughly 15% to 22% over the past week. CoreWeave’s unsecured bonds hit a 15% yield, which investors read as a sign of financial strain. Goldman Sachs said US high-yield AI debt spreads widened 25 basis points to 360 over Treasurys on Oct. 13 and 14. CNN’s Fear & Greed Index dropped from 46 to 28 in one week. Cantor Fitzgerald and ARK Invest bought the dip, but analysts say bond yields are the key signal. Shares of CoreWeave and Nebius Group fell about 9% on Friday morning. CoreWeave traded near $63.25 and Nebius near $172.32. Neither company released a statement on Oct. 16. CoreWeave, Inc.

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