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CoreWeave at fore of AI selloff, stocks and bonds plunge Data center delays, revenue projections raise risks for neoclouds Huge debt and losses mean CoreWeave is vulnerable By Vidya Ranganathan and Aditya Soni LONDON/BENGALURU, Oct 16 (Reuters) — Loss-making and deeply indebted US cloud company CoreWeave became an easy
Oct 16 (Reuters) — CoreWeave CEO Michael Intrator and entities linked to him have sold nearly $1 billion of stock, mostly under prearranged trading plans, since the AI cloud company's IPO in March last year, according to regulatory filings. The sales began about two months after the stock hit a record high in June 2025
Filings show CEO Michael Intrator and entities linked to him sold nearly $1 billion of CoreWeave stock since its March IPO, mostly under prearranged trading plans.