CoreWeave's slump raises contagion alarms on Wall Street
Wall Street warns that declines among AI cloud computing providers could spread to the rest of the tech sector and drag the S&P 500 down to June lows. CoreWeave is down 41% since Oct. 6, Iren 40% and Nebius 36%. Investors are worried about the debt taken on by AI companies and financing costs. The Philadelphia semiconductor index has fallen 15% in October.
In 35 seconds
- CoreWeave is down 41% since the Oct. 6 record; Iren has fallen 40% and Nebius 36% over the same period
- Fears over AI-linked debt pushed credit risk gauges of major tech companies to new highs
- Strategist Brian Reynolds expects the S&P 500 to retreat to June lows, a 4.7% drop from Friday's close
IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.




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