AI cloud computing provider CoreWeave is seeking to raise at least $4 billion through an investment-grade, asset-backed loan led by Morgan Stanley. The proceeds will fund the purchase of Nvidia chips and other computing hardware for a contract with an investment-grade customer, carrying an expected annual interest rate of 7% to 7.5%. The move comes after CEO Michael Intrator stated the company would avoid raising capital through the unsecured bond market at current rates, signaling a preference for structured lending tied to tangible infrastructure assets.