US Stocks in Motion | Concerns over credit risk persist, AI cloud service providers continue to decline, CoreWeave (CRWV.US) drops over 6%
Zhito Finance APP has learned that on Friday, AI cloud service providers continued to decline, with CoreWeave (CRWV.US) and IREN (IREN.US) falling more than 6%, and Nebius (NBIS.US) dropping over 5%. CoreWeave's three co-founders cashed out more than $3.3 billion in total before the company's stock price collapsed, and the company's bonds have now fallen into distressed territory, with credit default swap spreads soaring to historic highs, sharply escalating market concerns about its debt repayment capacity.
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