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It Is Ultimately The Busting Of The AI Bubble That Will Drive Gold Higher
Michael Swanson
October 18, 2026
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Last week week we saw cracks in the AI bubble.
Shares of CoreWeave, the biggest AI data center developer in the country dumped over 11% in a day as its bond debt fell to the point where it is now yielding 15%, with bonds trading at 79 cents on the dollar.
It has roughly $50 billion in debt.