周四，与人工智能云服务提供商CoreWeave相关的信用违约互换价格大幅上涨，跌至危机水平。这反映出投资者对该公司为建设AI基础设施而举借的债务风险愈发担忧。
Credit default swaps tied to AI cloud provider CoreWeave jumped to distressed levels on Thursday, as investors grew increasingly wary of the debt the company has taken on to fund AI infrastructure.
当天，CoreWeave债务相关的信用违约互换价格急剧攀升，进入风险极高的区间。此类互换产品相当于企业违约的保险，其价格飙升意味着市场正在认定该公司的违约风险显著上升。
Credit default swaps on CoreWeave's debt spiked sharply on Thursday, pushing the instruments into distressed territory. These swaps function as insurance against a company defaulting, so the jump signals markets are pricing in meaningfully higher risk.
CoreWeave向那些训练及运行AI模型的客户出租图形处理能力，为扩大相关基础设施建设，该公司背负了巨额债务。如今投资者开始担忧：若AI行业需求出现放缓，该公司的债务负担能否维持可持续性。
The company rents out graphics-processing capacity to customers training and running AI models, and has taken on substantial debt to expand that infrastructure. Investors are now questioning how sustainable that debt load would be if AI demand were to slow.
此次现象是整个AI行业股票与债券遭遇抛售潮的一个缩影；同一天，CoreWeave自身发行的债券价格也承受了巨大下行压力。
The move is part of a broader sell-off hitting AI-linked stocks and bonds across the sector; CoreWeave's own bonds also came under pressure the same day.