# Cathie Wood buys CoreWeave as bond traders price default

> Cathie Wood's ARK Invest keeps buying CoreWeave stock despite bond traders pricing it for default.
- Title: Cathie Wood buys CoreWeave as bond traders price default
- Summary: Cathie Wood's ARK Invest keeps buying CoreWeave stock despite bond traders pricing it for default. Cathie Wood's ARK Invest bought $13.4 million of CoreWeave…
- Keywords: cathie wood, coreweave, ark invest, bond traders, credit default swaps, ai cloud company, debt default risk, nvidia, startups, business, Cathie, Wood
- Source: Startup Fortune — https://startupfortune.com/cathie-wood-keeps-buying-coreweave-as-bond-traders-price-it-to-fail
- Published: 2026-10-16T14:35:19+00:00
- Read time: 1 min
- Topics: cathie wood, coreweave, ark invest, bond traders, credit default swaps, ai cloud company, debt default risk, nvidia, startups, business
## Credit default swaps spike
CoreWeave's five-year credit default swaps hit a record intraday spread of 1,194.5 basis points this week.
## Bond yields near 15%
CoreWeave bonds have cratered with yields near 15% implying a high default risk.
## ARK buys CoreWeave stock
ARK Invest bought 97,639 shares worth $8.9 million on October 6 and 214,589 shares worth $18.9 million the next day.
## ARK continues buying
ARK bought 188,665 shares worth $13.4 million on October 14 and 192,566 shares on October 15.
## CoreWeave debt situation
CoreWeave has raised over $35 billion this year with total debt around $52 billion as of June.
## CoreWeave's revenue backlog
CoreWeave's revenue backlog exceeds $100 billion in contracted future business.
## Stock price drop
CoreWeave shares are down 53% year-over-year as of mid-October.
## Nvidia's stake
Nvidia CEO Jensen Huang said CoreWeave's business strength is improving every day.
## Key takeaway

Cathie Wood's ARK Invest bought $13.4 million of CoreWeave stock as bond traders priced a 60% default risk within five years.