According to Lisa Abramowicz, Applied Digital struggled to place a junk-bond deal and had to offer ~10% yields to attract buyers, signaling weak demand for the issuer’s new high-yield paper, source: Lisa Abramowicz on X; Bloomberg. She notes Applied Digital provides data center services to CoreWeave, which in turn serves Nvidia and OpenAI, linking the challenged bond sale to the broader AI compute infrastructure supply chain, source: Lisa Abramowicz on X. For trading, the reported 10% yield reflects an elevated risk premium for AI data center credits that can inform relative-value and spread risk assessments across similar AI-infrastructure issuers, source: deal terms and placement difficulty reported by Lisa Abramowicz on X; Bloomberg.

According to @DowdEdward, the junk bond market is showing the same thinking seen during the dotcom bubble, specifically the 'build it and they will come' financing of CLECs, which he highlights as a cautionary historical parallel for credit markets. Source: @DowdEdward on X, Nov 13, 2025. According to @DowdEdward, this comparison places focus on high-yield investor behavior and sentiment, suggesting traders should note how similar narratives previously unfolded in leveraged sectors. Source: @DowdEdward on X, Nov 13, 2025.