New York, Jan 15, 2026, 11:30 ET — Regular session
- Shares of CoreWeave climbed roughly 10% in late morning trading, adding to a turbulent week for the AI cloud company.
- A new CEO response denying “circular financing” allegations around Nvidia took center stage today.
- An insider-sale filing has surfaced, accompanied by a recently filed securities lawsuit.
Shares of CoreWeave (CRWV) jumped roughly 10% to $98.72 in late morning trading Thursday, fueled by a fresh wave of interest in AI-related stocks. The move came after CEO Michael Intrator addressed concerns about the company’s funding approach, pushing back on investor questions.
This move is significant since CoreWeave now serves as a high-beta proxy for the “AI infrastructure” trade — essentially a wager that demand for computing power remains strong enough to support fast expansion, substantial borrowing, and the occasional rough quarter.
The news arrived amid a broader lift in chip and tech sentiment, fueled by new evidence that AI-related spending remains on the rise. In this environment, any company-specific update can trigger a sharper price reaction.
Intrator, on a recent podcast, rejected claims that CoreWeave engages in “circular financing” with Nvidia — a term suggesting vendor investments get funneled back into purchases to boost demand figures. He called that idea “ridiculous,” pointing out Nvidia’s $300 million stake is minor compared to CoreWeave’s overall capital exceeding $25 billion. He also explained the company uses special purpose vehicles—separate entities set up to borrow against specific customer contracts—to “ring-fence” cash flow for lenders. 1
Sentiment lifted in parts of the AI supply chain after TSMC announced it would boost capital spending for 2026 to $52 billion-$56 billion, surpassing analyst forecasts. The move signals strong demand from Nvidia and other chipmakers. “The market has underestimated again how large is the demand for AI,” said Han Dieperink, chief investment officer at Aureus, following the TSMC update. 2
A filing on Wednesday revealed that Chief Development Officer Brannin McBee offloaded 26,000 CoreWeave Class A shares, netting approximately $2.31 million. The trades, dated Jan. 12, were carried out under a Rule 10b5-1 plan set up on Sept. 2, 2025. According to the filing, the shares went for a weighted average price between $77.94 and $91.87. 3
That said, the rally carries the usual risks. CoreWeave’s story hinges on maintaining full hardware utilization, expanding power and data center capacity, and managing financing costs—all tricky if credit spreads widen or AI demand slips even slightly.
On Thursday, a law firm announced a securities class action related to CoreWeave’s disclosures. The lawsuit targets purchasers from March 28, 2025, through Dec. 15, 2025, alleging the company understated risks linked to its dependence on a single third-party data center provider and concerns over meeting demand. Investors have until March 13, 2026, to apply for lead-plaintiff status. 4
CoreWeave, which leases GPU-intensive computing resources to clients developing and operating AI models, debuted on the public market in March 2025. 5
Traders are now turning to the company’s February quarterly update for insights on capacity growth, funding expenses, and shifts in customer spending. Attention is also fixed on the legal timeline, with March 13 marking the crucial lead-plaintiff deadline in the recently elevated case.
