CoreWeave Shares Sink as Bond Yields Bite, CEO Calls Market Reaction 'Irrational'
CoreWeave shares fell sharply as investors reassessed the company’s richly valued AI infrastructure story against a backdrop of rising bond yields and a broader selloff in high-growth technology names. Chief executive Michael Intrator argued the market was reacting irrationally, but traders appeared focused on the strain that higher rates and tighter financial conditions could place on capital-intensive AI expansion.
