<p>CoreWeave 的股票在这家人工智能基础设施公司公布 20 亿美元可转换债务融资计划后承压，该计划可能会扩大其资产负债表并引入未来的股票转换。根据知情人士的说法，这些债券到期于 2031 年，票息在 1.5% 到 2% 之间。股票在盘前交易中下跌了最多 7%，至 82.10 美元，这一反应反映了投资者在消化杠杆扩张和稀释可能性时的短期不确定性。CoreWeave 于 3 月上市，此次融资恰逢人工智能支出持续加速，资本需求仍然庞大的时刻。</p>
<p>管理层正在进行私募发行债券，并有选择性地增加额外 3 亿美元的总额。这些债券的转换溢价为 25% 至 30%，这表明如果公司继续受益于人工智能驱动的基础设施需求激增，长期来看可能会获得上行空间。该交易预计将在周一市场收盘后定价。CoreWeave 在正式公告之外没有进一步评论，但投资者越来越将该业务视为参与大规模计算需求上升的方式，客户包括 OpenAI 和微软，并与 Nvidia 建立了战略合作伙伴关系，使公司处于建设的中心。</p>
<p>部分收益将用于资助一项衍生品交易，旨在减少债券转换带来的潜在稀释，而其余部分将用于随着产能扩张而增加的运营需求。该结构可以被解读为 CoreWeave 为持续的人工智能计算需求做好准备，因为支出趋势仍然高企。尽管市场对融资反应谨慎，但长期的投资论点可能取决于公司是否能够继续在一个日益增长的基础设施周期中扩展，该周期可能会随着人工智能模型变得越来越计算密集而延续。</p>

CRWV

<p>CoreWeave 宣布进行 20 亿美元的可转换债务融资，导致其股票在盘前交易中下跌 7%。这些债券到期于 2031 年，票息为 1.5%-2%，转换溢价为 25%-30%。此次融资旨在扩展资产负债表并满足日益增长的人工智能基础设施需求。投资者因潜在的稀释和杠杆扩张而持谨慎态度，但长期前景取决于 CoreWeave 能否跟上人工智能需求的增长</p>

<p>CoreWeave  shares came under pressure after the AI infrastructure company unveiled a $2 billion convertible debt raise that could potentially expand its balance sheet and introduce future share conversion. The notes are due in 2031, with a coupon between 1.5% and 2%, according to people familiar with the transaction. Shares fell as much as 7% to $82.10 in premarket trading, a reaction that reflects near-term uncertainty as investors digest both leverage expansion and the possibility of dilution. CoreWeave only went public in March, and the offering arrives at a time when AI spending continues to accelerate and capital requirements remain substantial.</p>
<div class="lb-trans"><p>CoreWeave 的股票在这家人工智能基础设施公司公布 20 亿美元可转换债务融资计划后承压，该计划可能会扩大其资产负债表并引入未来的股票转换。根据知情人士的说法，这些债券到期于 2031 年，票息在 1.5% 到 2% 之间。股票在盘前交易中下跌了最多 7%，至 82.10 美元，这一反应反映了投资者在消化杠杆扩张和稀释可能性时的短期不确定性。CoreWeave 于 3 月上市，此次融资恰逢人工智能支出持续加速，资本需求仍然庞大的时刻。</p>
</div><p>Management is issuing the notes in a private placement, with an option to increase the total by an additional $300 million. The bonds are being sold with a conversion premium of 25% to 30%, suggesting a long-term view that upside could be captured if the company continues to benefit from the surge in AI-driven infrastructure demand. The deal is expected to price after Monday's market close. CoreWeave did not comment further beyond its formal announcement, but investors have increasingly viewed the business as a way to participate in rising demand for large-scale compute, with customers including OpenAI and Microsoft and a strategic partnership with Nvidia  that positions the company at the center of the build-out.</p>
<div class="lb-trans"><p>管理层正在进行私募发行债券，并有选择性地增加额外 3 亿美元的总额。这些债券的转换溢价为 25% 至 30%，这表明如果公司继续受益于人工智能驱动的基础设施需求激增，长期来看可能会获得上行空间。该交易预计将在周一市场收盘后定价。CoreWeave 在正式公告之外没有进一步评论，但投资者越来越将该业务视为参与大规模计算需求上升的方式，客户包括 OpenAI 和微软，并与 Nvidia 建立了战略合作伙伴关系，使公司处于建设的中心。</p>
</div><p>A portion of the proceeds will fund a derivatives transaction designed to reduce potential dilution from note conversion, while the remainder will go toward operating needs as capacity expands. The structure could be interpreted as CoreWeave positioning itself for continued demand in AI compute as spending trends remain elevated. While markets reacted to the financing with caution, the long-term thesis may hinge on whether the company continues to scale into a growing infrastructure cycle that could extend as AI models become more compute-intensive over time.</p>
<div class="lb-trans"><p>部分收益将用于资助一项衍生品交易，旨在减少债券转换带来的潜在稀释，而其余部分将用于随着产能扩张而增加的运营需求。该结构可以被解读为 CoreWeave 为持续的人工智能计算需求做好准备，因为支出趋势仍然高企。尽管市场对融资反应谨慎，但长期的投资论点可能取决于公司是否能够继续在一个日益增长的基础设施周期中扩展，该周期可能会随着人工智能模型变得越来越计算密集而延续。</p>
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CoreWeave 刚刚投下了一颗 20 亿美元的重磅消息——投资者已经开始撤离