CoreWeave is down 23% in 8 days, 55.7% off its peak, and the credit is screaming louder than the equity: 5-year CDS past 1100bp implies a 64% default risk, and its 2032 bonds have traded near 15% yiel

What happened: Neocloud stocks sold off, with CoreWeave falling over 23% in eight days. Gartner predicts 80% of Neocloud firms will stop independent operations by 2030. Key numbers: CoreWeave fell 55.7% from its 2025 peak and reported total liabilities of $72.046 billion. Why it matters: The selloff questions the debt-funded buildout model behind Neocloud growth. Nvidia's Jensen Huang and Wall Street banks including Goldman Sachs and JPMorgan called the reaction overdone, while Bernstein estimates only 35% of announced North American data center capacity will be built.

AI neocloud stock plunge and canceled orders signal 80% survival risk.

AI neocloud stock plunge and canceled orders signal 80% survival risk. — impact context not separately stored; see What changed.