AI ROUT SLOWS AS INVESTORS BUY THE DIP ON TECH

What happened: An AI-related market rout moderated Thursday as buyers returned to tech after a weak U.S. open and falling bond yields eased pressure. CoreWeave CRWV-Q was down 2 per cent at midday after earlier drops. Key numbers: CoreWeave fell as much as 10 per cent Thursday and 15 per cent Wednesday; its bonds yielded up to 16 per cent. Why it matters: Rising financing costs and a hot inflation report are pressuring capital-intensive AI borrowers, though UBS and other investors call it a recalibration of expectations rather than a break in the AI story. Coverage: 3 outlets in 24h

An AI-related market rout moderated Thursday as buyers returned to tech after a weak U.S. open and falling bond yields eased pressure. CoreWeave CRWV-Q was down 2 per cent at midday after earlier drops.

Rising financing costs and a hot inflation report are pressuring capital-intensive AI borrowers, though UBS and other investors call it a recalibration of expectations rather than a break in the AI story.