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← 2026-10-19 edition

THE SHORT VERSION

Insuring $1M of debt now costs $119,500 a year

CoreWeave's debt gets the junk treatment

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