One reason AI stocks have struggled lately is investor angst about the massive debt piling up in the sector. Some providers of data center capacity are also accumulating heavy debt. Shares of WhiteFiber (WYFI) plummeted 25% Wednesday after the company priced a $270 million offering of convertible debt.
The company, which owns data centers and provides cloud services, plans to…
Extract — continue reading at the source.
Related stories
Struggling households need more help with bills, energy industry says
He Sold Nothing in the 2022 Crash. He Swapped Into a Similar Fund for a Week, Booked $90,000 of Losses, and Hasn’t Paid Capital-Gains Tax Since.
The Hidden Cost Of Home Insurance
Apple Announced Its Largest-Ever Stock Buyback Under Tim Cook's Leadership. Here's Why the Size of the Repurchase Program Matters for Shareholders.
Up 20% in 1 Day, is Hyperliquid Worth Buying Hand Over Fist Right Now?
Institutional Investors Are Buying Hyperliquid Strategies. Should You?