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CoreWeave's bond yield just touched a level that made Elon Musk say 'Yikes,' and now investors are questioning whether the company's massive chip-backed debt machine can survive its own success.
CoreWeave stock fell more than 16% in morning trading on Wednesday, a day after a chart of its rising borrowing costs drew a one-word reply from Elon Musk: "Yikes."
Shares of CoreWeave sank 15%, while yields in its bonds blew out further.