The three co-founders of AI computing-power provider CoreWeave have sold a combined $3.3 billion worth of company stock since its U.S. IPO last year, including $2.4 billion worth so far this year. With credit risks continuing to rise and investors growing more cautious about AI spending, fueling sharp share-price swings, Chairman and CEO Michael Intrator, Chief Strategy Officer Brian Venturo, and Chief Development Officer Brannin McBee are locking in gains through large-scale stock sales. Amid shifting market sentiment, CoreWeave shares plunged 15% on Wednesday before rebounding somewhat on Thursday.

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