AI Cloud Stocks Slide as Credit Swap Costs Surge
NBIS and CRWV drop 10% and 9% respectively amid rising credit-default-swap costs signaling higher default risks. Nebius Group (NASDAQ:NBIS) and CoreWeave (NASDAQ:CRWV) led declines in AI cloud stocks Wednesday, falling 10% to $152.58 and 9% to $61.53. The selloff reflects