Citi analyzes neo-cloud sell-off amid rising interest rates and expresses preference for Microsoft
MSFT Microsoft Corp
$532.13 -0.26%
View chart & analysis → - 1CoreWeave shares fell 15% in a single day last week.
- 2A 30% rise in 10-year Treasury yields from March lows impacted non-investment grade debtors.
- 3Gartner forecasts that 80% of neo-clouds will lose independence by 2030.
So what's the key point?
CoreWeave shares dropped 15% in just one day. This means that as interest rates rise, companies that struggle to repay debt could face difficulties.
Source BeInCrypto · View original ↗
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