$CRWV getting obliterated today—down 17% as the AI bubble shows cracks
Bond yields on their 2032 notes just spiked to 15% (was 13.4% weeks ago). That's distressed territory.
Chamath called it out. Elon replied "Yikes." When those two agree something smells bad, you listen.
The numbers are brutal: $52B in debt + lease obligations as of June. Interest expense doubled to $640M per quarter.
This isn't just a stock dip—it's a solvency red flag. AI infrastructure plays looked invincible 6 months ago. Now the leverage is catching up.
If you're long any AI compute plays, time to stress-test your thesis. Liquidity crunch hits the overleveraged first.
Bond yields on their 2032 notes just spiked to 15% (was 13.4% weeks ago). That's distressed territory.
Chamath called it out. Elon replied "Yikes." When those two agree something smells bad, you listen.
The numbers are brutal: $52B in debt + lease obligations as of June. Interest expense doubled to $640M per quarter.
This isn't just a stock dip—it's a solvency red flag. AI infrastructure plays looked invincible 6 months ago. Now the leverage is catching up.
If you're long any AI compute plays, time to stress-test your thesis. Liquidity crunch hits the overleveraged first.