FT News Briefing CoreWeave tests investor appetite for AI
59 snips
Mar 31, 2025 Investors express concerns about rising bond yields in Germany impacting defense spending across the EU. Meanwhile, CoreWeave's IPO, the largest in 18 months, experiences a lukewarm market response due to worries over its ties to NVIDIA and debt levels. The podcast also sheds light on a cash crisis in Gaza, where a black market has emerged amidst high transaction fees. Lastly, it touches on a successful rocket launch attempt from a European startup, illustrating the challenges and achievements in the region's space endeavors.
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European Borrowing Costs
- Germany's increased defense spending raises its bond yields.
- This impacts other EU nations, making their borrowing more expensive and hindering defense spending.
CoreWeave's Rocky IPO
- CoreWeave, an AI data center company, had a smaller-than-expected IPO.
- Investors are concerned about the company's reliance on NVIDIA and large clients like Microsoft.
China's Trade Disputes
- China's overproduction to boost growth and counter weak demand caused trade disputes.
- Trading partners filed record WTO cases against China due to market flooding.