Blackstone's Jon Gray says CoreWeave can 'find a way through' financing pressure
Blackstone COO Jon Gray says CoreWeave's underlying business is strong despite concerns over its mounting debt.
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Blackstone COO Jon Gray says CoreWeave's underlying business is strong despite concerns over its mounting debt.
CoreWeave shares are down 36% in October, and the spreads in its credit default swaps are widening.
Janus Henderson portfolio manager John Lloyd, whose fund owns CoreWeave bonds, sees a buying opportunity for this 'best in class' data center play.
Today's earnings show there's a cohort of the market that can thrive outside of the data center buildout.
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