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CoreWeave CEO sells $1B stock as AI cloud firm's bond yields exceed 15%
CoreWeave CEO Michael Intrator and related entities have divested nearly $1 billion in company stock since its initial public offering, according to Reuters. These stock sales coincide with a sharp increase in the yields of the company's corporate bonds, which surpassed 15% amid growing investor apprehension about spending on debt-financed AI infrastructure. CoreWeave's executive team has defended the company's financial stability, highlighting its $129 billion revenue backlog.
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