Goldman Sachs upgraded CoreWeave, but its bonds traded near 15% yields and one investor estimated it needs $35 billion more borrowing. Customer-backed loans may cost less, leaving the report without a clear change to its outlook.
Goldman's view supports confidence that CoreWeave can keep building for customers. But its bonds traded near 15% yields, and one investor estimated it needs $35 billion more borrowing. Higher interest costs could shrink returns on deals already signed. Customer-backed loans may cost less, so the report gives strong arguments on both sides without showing which will matter more.
Microsoft appears as a customer whose contracts may help CoreWeave borrow for projects. The story reports no new Microsoft deal or change to its own business outlook.
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