The AI selloff is a reminder to look beyond the headline

A fast-growing company can still run into trouble if the cost of funding its growth rises faster than expected.The AI-stock selloff on October 14–15 caught my attention for that reason. CoreWeave shares fell sharply, and its bonds also came under pressure as investors questioned the debt behind its data-center expansion. At the same time, concerns about high AI-company valuations added to the unease. U.S. indexes got some support from gains in other sectors, but the broader message was clear:...