CoreWeave Inc.'s credit risk rose to a record high on Thursday. The artificial intelligence cloud computing company's high-yield bonds continued to decline, and its plans to expand the size of loans made investors uneasy. According to ICE Data Services data, the cost of protecting CoreWeave's five-year debt default once rose by 74.5 basis points to 1194.5 basis points, the highest level in trading history. The credit default swap market implied that the company would default more than 60% within the next five years.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.