WS #15893
The AI infrastructure boom is showing signs of credit fatigue, with CoreWeave plunging 15% as bond yields on its debt spike to 15%, signaling distress in the high-growth cloud sector. Simultaneously, Apple is reporting its worst iPhone slump since the pandemic due to intensifying competition in China. These developments suggest that the tech rally is losing momentum as financing costs rise and consumer demand softens in key markets.
AI Credit and Tech Selloff
The AI infrastructure boom is showing signs of credit fatigue, with CoreWeave plunging 15% as bond yields on its debt spike to 15%, signaling distress in the high-growth cloud sector. Simultaneously, Apple is reporting its worst iPhone slump since the pandemic due to intensifying competition in China. These developments suggest that the tech rally is losing momentum as financing costs rise and consumer demand softens in key markets.