Nvidia partner criticizes CoreWeave’s bond yield as unreasonably high

A partner of Nvidia, GMI Cloud, has criticized CoreWeave Inc.’s 15% bond yield as ‘insane,’ highlighting the stark contrast with the 3.45% rate secured by a similar cloud computing company on a recent Taiwan dollar loan. The comment comes amid ongoing market volatility for CoreWeave, which has faced declining stock and bond prices. CoreWeave CEO Mike Intrator previously defended the company’s business model, stating the market is acting ‘irrationally.’ The 15% yield on CoreWeave’s bonds significantly outpaces the 3.45% rate available to the competitor, raising questions about the company’s financial strategy and market perception. The disparity underscores growing skepticism about CoreWeave’s ability to sustain its current valuation and debt levels in a challenging economic environment.