CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition – when investors demand 1,000 basis points more in yield than they’d get from government bonds. Last Tuesady Chamath « SPAC King » Palihapitiya noticed the distressed debt, and also asked whether the AI buildout was a private credit bubble. Its shares are down more than 20 percent since Tuesday’s close, which is kind of a lot! There even seemed to be some collateral damage in the market on other AI companies, too.
Now, I have also asked if the AI industry is a bubble, but when the SPAC King echoes concerns held by a lady whose ongoing questi …
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