WSJ: CoreWeave, Nebius and Nscale Effectively Shut Out of Bond Market as Lenders Harden Terms

The Wall Street Journal reports that neoclouds CoreWeave, Nebius and Nscale have effectively been shut out of the bond market in recent weeks as lenders and investors demand tougher terms, in a tightening that is becoming a new bottleneck for the US AI buildout. The piece follows parallel distress signals including CoreWeave's blown-out CDS and a broad investor rethink of the GPU-leasing model.