Is CoreWeave the AI boom’s canary in a coal mine? 

The highly leveraged company’s stock dropped 8% Monday after announcing plans to raise another $2 billion via convertible debt. 

CoreWeave stock dropped 8% Monday after the AI cloud computing company announced plans to raise another $2 billion, this time through convertible debt, to finance its rapid build-out of new data centers. On Tuesday, the company said it would increase the total offering to $2.25 billion. CoreWeave, which sells access to powerful Nvidia graphics processing units (GPUs) to run AI models, may be a bellwether in an industry placing unprecedented bets on an AI boom they believe is around the corner.