005 - The AI Boom Has a Warning for Your Retirement
The AI boom is creating enormous wealth. But one of the companies helping build that future is sending a very different message from the credit market.
CoreWeave, a major provider of AI computing infrastructure, has secured enormous contracts to supply the computing power behind artificial intelligence. At the end of the second quarter of 2026, the company reported approximately $104 billion in revenue backlog.
Yet on October 14, CoreWeave’s stock fell sharply, and the yield on one of its unsecured bonds due in 2032 climbed above 15%.
Even Elon Musk reacted with one word: “Yikes.”
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