CoreWeave stock climbs after company announces $1.5 billion bond sale

The re indicates that CoreWeave announced a $1. 5 bond sale plan to raise money to pay down debt

This comes in addition to a $2 billion debt offering plan announced in May

CoreWeave's stock has more than tripled in price since its March debut on the Nasdaq (something worth watching)

Additionally, In this articleCRWV your favorite stocksCREATE FREE ACCOUNTMichael Intrator, Founder & CEO of CoreWeave, Inc. , Nvidia-backed cloud services vider, reacts during the company's IPO at the Nasdaq Market, in New York City, U

Brendan Mcdermid | ReutersCoreWeave stock rose more than 5% after the renter of artificial intelligence data centers said it plans to sell $1. 5 billion worth of bonds, amid market uncertainty

The company said in a release that the notes, due in 2031, will use the capital for general purposes, such as paying off debt

Meanwhile, In May, the company announced a $2 billion debt offering plan that sent s soaring 19%

On the other hand, At the time, CNBC confirmed that the debt was five times overd

In contrast, Last week, Coreweave s rallied after the company announced a $6 billion AI data center ject in Pennsylvania

Read more CNBC newsPeter Thiel just bought a big stake in Tom Lee's ether company and the s are surgingNvidia CEO Jensen Huang wants to sell more advanced chips to China after H20 ban is liftedCrypto bounces on renewed optimism House could pass key stablecoin legislation this weekWhoop says FDA is 'overstepping its authority' with warning blood pressure featureCoreWeave, whose biggest clients include Nvidia and Microsoft, has more than tripled in price since its March debut on the Nasdaq, in today's market environment

However, In its IPO spectus filing, CoreWeave said that it was "one of the largest private debt financings in history and signals the confidence that debt investors have in funding our company to build and scale the next generation AI cloud

Furthermore, "Some investors have raised concerns the company's debt and the sustainability of demand for its ducts (an important development), in today's market environment

In May, CEO Michael Intrator def CoreWeave's spending plans and said it is meeting major client "demand signals. "Don’t miss these insights from CNBC Analysts raise Nvidia price targets after Trump's China chip decision (something worth watching)