CoreWeave reported Q3 revenue up 168% year over year, beating analyst estimates, and raised its full-year 2026 forecast. The stock rallied about 20% on Wednesday. CEO Michael Intrator then told CNBC he has canceled his 10b5-1 stock sale plan, under which he had already sold 8.26 million shares at an average price of $96.14, totaling $794.2 million. Despite the rally, the stock is still down 18% in 2026 and about 27% over the past month.
The earnings beat and raised guidance offered relief after a sharp sell-off driven by rising interest rates, last week's Democratic midterm sweep, and broader fears that the AI boom is cooling and that capital-intensive AI infrastructure companies will struggle to raise money. Intrator pushed back on the political concerns, saying the company does not anticipate any impact from the "seismic regulatory shift" and remains comfortable with its pipeline. CoreWeave still expects 1.85 gigawatts of active power by the end of 2026 and now targets $37 billion to $39 billion in full-year capital expendi
Arsenal have ruled out selling Piero Hincapié in January despite Barcelona's interest. He has played just 67 Premier League minutes this season, and a summer exit would only be considered if Arsenal could sign an immediate replacement.
CoreWeave CEO Michael Intrator told CNBC he has canceled his 10b5-1 stock sale plan, under which he had sold 8.26 million shares at an average of $96.14 for about $794.2 million. The announcement came after CoreWeave beat Q3 revenue expectations and raised its 2026 forecast. This is a spam post soliciting WhatsApp sign-ups for "free" trading alerts; it contains no factual claim to check. This is a spam post soliciting WhatsApp sign-ups for "free" trading alerts; it contains no factual claim to check.
FTX filed for bankruptcy on November 11, 2022 — four years ago today. In the days before the filing, customers withdrew roughly $6 billion in 72 hours, Binance walked away from a rescue deal, and FTX faced a repo
ACoreWeave's CEO just did something you almost never see on live TV.
BMichael Intrator canceled his own stock sale plan, on air, mid-interview.
AHe told CNBC his 10b5-1 is silenced until there's a material change in the equity price.
BThat's one way to tell the market you think your stock is cheap.
AAnd he's got some standing to say it. Revenue up 168 percent year over year, beat estimates, raised the 2026 forecast.
BThe stock moved sharply on the day. But here's the part that matters.
AHe'd already sold 8.26 million shares under that plan. Average price 96 dollars and change. That's nearly 800 million dollars out the door.
BSo he cashed out almost 800 million, and now that the stock's been beaten up, he's suddenly a buyer at these levels?
AOr he's signaling he thinks the selloff is overdone. The company still expects a big jump in active power by end of 2026.
BBut they're also planning tens of billions in capital spending next year. That's a monster number for a company that just got hammered over AI infrastructure fears.
AWhich is exactly why he's doing this. The market's been pricing in a slowdown, and he's saying the pipeline is fine.
BFine, but canceling a 10b5-1 after you've already sold the bulk of it? That's theater. The real test is whether they can actually raise the money for that capex.
AHe did push back on the political angle too. Said the company doesn't anticipate any impact from the regulatory shift.
BBold thing to say the week after a Democratic sweep that sent the whole sector down.
ALook, I'm not telling anyone what to do with the stock. But a CEO putting his own selling on hold is a statement.
BIt's a statement, all right. I just want to see the next quarter's numbers before I call it conviction.
ASpeaking of crypto, today's the four-year anniversary of FTX filing for bankruptcy.
BBillions pulled out in a short window. Binance walked away from the rescue. A massive hole.
AIt's still the defining collapse of the crypto era. And now the institutions are the ones building the rails.
BDifferent world. But the lesson's the same: when withdrawals start, nothing else matters.
AOne more from the crypto side. A hardware wallet called Suiball is reportedly shutting down and refunding pre-orders in USDC.
BCointelegraph says the Sui Foundation decided it was too risky after a wave of hardware wallet attacks. Again, unverified.
AIf it's true, it's a reminder that even the hardware side of crypto isn't immune to security scares.
BA wallet that never ships is the safest wallet of all.
AAnd the ETF flows from November 10th show outflows across Bitcoin, Ether, and XRP funds. Small numbers, but all negative.
BA hundred million out of Bitcoin ETFs on a down day. That's noise, not a trend.
AFair. But it matches the mood. Risk-off across the board.
BWhich brings us back to CoreWeave. When the CEO has to go on TV and cancel his own selling, you know the sector's been through it.
AOr he just really likes the sound of his own voice on CNBC.
BThat too.