Cathie Wood's ARK Bets on CoreWeave Amid Investor Debt Jitters

ARK Investment Management has aggressively purchased CoreWeave shares as the GPU infrastructure company's bonds crater on debt concerns, with Cathie Wood arguing the high borrowing costs are typical for young companies in growth mode and will be overcome by strong AI demand. ARK spent approximately $27 million on CoreWeave stock in mid-October 2026, buying across consecutive trading days as yields on the company's bonds reached 15–16% and its five-year credit default swaps surged past 1,100 basis points, implying roughly 64% default probability over five years. Wood, in an interview in Seoul, said such pressure is normal for expanding tech companies when interest rates remain elevated, likening CoreWeave's trajectory to Coinbase's early struggles before it became a major industry player.