'Yikes': CoreWeave stock tanks on bond yield woes, CEO blames market acting 'irrationally' - Yahoo Finance
CoreWeave stock dropped 15% following concerns over rising bond yields and market skepticism regarding the AI infrastructure sector. CEO Mike Intrator defended the company's financial health, labeling the market's reaction as irrational.
Why it matters
The volatility highlights growing investor anxiety regarding the sustainability of the massive debt-fueled buildout of AI infrastructure.
'Yikes': CoreWeave stock tanks on bond yield woes, CEO blames market acting 'irrationally' Michael B. Kelley · Senior Director, Content Thu, October 15, 2026 at 4:09 AM GMT+8 3 min read CRWV +5.94% CoreWeave ( CRWV ) stock fell 15% on Wednesday, a day after a chart of its rising borrowing costs gained traction on X.
Bloomberg, citing an internal memo, reports that the AI cloud company's CEO stated in a memo that the market is acting "irrationally."
"When you are building a new type of technology company, there will be periods of time when the market misunderstands and acts irrationally," CEO Mike Intrator wrote to staff. "We are confident in our business model, our customers, the extraordinary quality of our execution, and the relentless discipline around the financial engine we have built."
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