CoreWeave stock climbs after company announces $1.5 billion bond sale

The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt. In May, the company announced a $2 billion debt offering plan that sent shares soaring 19%. At the time, CNBC confirmed that the debt was five times oversubscribed. Last week, shares rallied after the company announced a $6 billion AI data center project in Pennsylvania. Michael Intrator, Founder & CEO of CoreWeave, Inc., Nvidia-backed cloud services provider, reacts during the comp ...