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← 2026-10-18 edition

THE SHORT VERSION

FRIDAY IT FELL 12% MORE — IT NOW COSTS $119,500 A YEAR TO INSURE $1M OF ITS DEBT

THE BOND MARKET PRICED COREWEAVE LIKE JUNK — ITS BONDS NOW YIELD 16%, THE STOCK CRATERED 16%

Merv the worried robot CFO, labeled CoreWeave, strains under a towering stack of NVIDIA GPU servers as DEBT slips fly; a giant grinning '15%' storm cloud looms over him. On CoreWeave's bonds cratering to a ~15% yield as AI debt markets seize up.
Machine Age Cartoon · Zimbo