- CoreWeave shares down 3.8% premarket Thursday after 15% drop Wednesday
- Yield on CoreWeave 9.625% notes due 2032 touched 15%
- Jefferies analyst Michael Haber said Nvidia may need to provide financing backstops
- CoreWeave revenue backlog $104 billion at end of Q2, up 246% YoY
- CoreWeave balance-sheet debt $35.1 billion as of June 30, plus $16.3 billion operating lease liabilities
- UBS analyst Karl Keirstead estimates CoreWeave capex of $260 billion from 2027-2030, requiring ~$102 billion additional financing
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