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00:03CoreWeave is facing mounting pressure from Wall Street investors as rising interest rates
00:07and concerns about artificial intelligence spending weigh on debt-heavy cloud companies,
00:11according to CNBC.
00:13CoreWeave shares have fallen 29% this month, while its unsecured debt yields about 15%.
00:19The company has roughly $35.6 billion in debt coming due, including $20.7 billion through
00:252030.
00:26Analysts expect negative free cash flow to reach $10.1 billion in the third quarter.
00:31CEO Mike Intratore told employees the company maintains several financing options, including
00:35borrowing, equity, and customer prepayments.
00:38Goldman Sachs, JPMorgan Chase, and Barclays remain bullish on CoreWeave, citing its GPU-backed
00:43loans and investment-grade customers.
00:45For all things money, visit Benzinga.com.
