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CoreWeave’s CEO Blames Rout on Market Acting ‘Irrationally’

Bloomberg Technology Wednesday 14 October 2026, 17:54 UTC By Dina Bass 1 min read
Key Points

EXCLUSIVE AI CoreWeave’s CEO Blames Rout on Market Acting ‘Irrationally’ CoreWeave Inc. Chief Executive Officer Mike Intrator, facing a plunge in the company’s stock and bond prices, said the market is acting “irrationally” and that he remains confident in the AI cloud company. CoreWeave’s deal backlog is large enough to more than support its debt obligations, Intrator said in a memo that was seen by Bloomberg News.

EXCLUSIVE AI CoreWeave’s CEO Blames Rout on Market Acting ‘Irrationally’ CoreWeave Inc. Chief Executive Officer Mike Intrator, facing a plunge in the company’s stock and bond prices, said the market is acting “irrationally” and that he remains confident in the AI cloud company. CoreWeave’s deal backlog is large enough to more than support its debt obligations, Intrator said in a memo that was seen by Bloomberg News. The executive made the remarks after the AI cloud company’s bonds tumbled to levels that typically indicate distress.
CoreWeave (ORG) AI CoreWeave’s (ORG) Mike Intrator (PERSON) Intrator (ORG) Bloomberg News (ORG)
Originally published by Bloomberg Technology Read original →

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