The Turichron

Evening brief, Oct 24

Nvidia-backed neoclouds face falling shares and expensive credit

CNBC reports that CoreWeave, Nebius and IREN shares have fallen at least 30% this month, while yields on CoreWeave’s 2031 and 2032 bonds topped 15%.

ThereforeNvidia’s financing guarantees leave it exposed if backed customers default.

CNBC’s reporting

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