CoreWeave Sells $2B Notes, Stock Dips

CoreWeave, a cloud computing company backed by Nvidia, announced plans to sell $2 billion in convertible senior notes, causing a 5% drop in its stock price. The notes, maturing in 2031, will be used for capped call transactions and general corporate purposes. Despite the recent dip, CoreWeaves stock has more than doubled since its IPO, indicating strong market performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.