CoreWeave's newly issued junk bonds rise as investor optimism grows.

Market optimism surrounding CoreWeave cloud infrastructure company CoreWeave surged, fueled by deals with several major tech companies, leading to a rise in the company's junk bonds. As of 9:05 a.m. New York time (9:05 p.m. Beijing time), the 9.75% coupon bond with a face value of 100 cents rose to 101.88 cents. The bond issuance was expanded from the initially planned $1.25 billion during the syndicated sale. Data shows that another convertible bond issuance on the same day, expanded to $3.5 billion, has not yet begun trading. This latest financing comes hours after CoreWeave announced a new agreement with Meta Platforms to supply AI computing products. On Friday, Anthropic agreed to lease data center capacity from CoreWeave to address the growing demand for its AI services. CoreWeave shares rose more than 6% intraday. (Jinshi)