CoreWeave CEO Says Market Acting ‘Irrationally,’ Stands by Model
CoreWeave CEO Says Market Acting ‘Irrationally,’ Stands by Model
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CoreWeave’s CEO Blames Rout on Market Acting ‘Irrationally’
CoreWeave CEO Mike Intrator
Photographer: Michael M. Santiago/Getty Images
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By Dina Bass
October 14, 2026 at 5:54 PM UTC
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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.
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