CNBC reported that the CoreWeave sell-off was fueled partly by social media, after investor Chamath Palihapitiya posted a chart of the company's bond yield and Elon Musk replied "yikes." CoreWeave shares fell about 15.5% that day as its bond yields neared 15%.
The episode shows how quickly commentary can move prices when a company's debt is in question. CEO Mike Intrator called the moves irrational and said the backlog supports the debt. We summarize the posts as reported, not as assessments of CoreWeave.
Source: CNBC