CoreWeave’s heavy debt load of over $35 billion and elevated interest expenses create ongoing funding pressure for its AI cloud infrastructure buildout, yet trader sentiment on near-term bankruptcy remains subdued due to a $104 billion revenue backlog and rapid customer commitments from OpenAI, Meta, and others. Recent $3.7 billion convertible notes and $2.6 billion debt facilities, plus an October 2026 India expansion announcement, underscore continued access to capital amid 112% year-over-year revenue growth. Key swing factors include timely conversion of contracted power capacity into active deployments and sustained large-language-model demand, with upcoming quarterly results likely to influence market-implied odds on liquidity risks.