CoreWeave Insider Offloads $248M in Stock Amid AI Cloud Boom

Magnetar Financial LLC, a major stakeholder in CoreWeave (CRWV), divested approximately $248.36 million worth of shares across multiple transactions. The sales mark the firm's tenth consecutive disposal since the IPO lock-up expiration, executed through affiliated entities like Magnetar Capital Partners LP and Supernova Management LLC.

CoreWeave's stock has surged 248% since its March 2025 debut, fueled by demand for its AI-optimized cloud infrastructure. The company specializes in high-performance computing solutions tailored for artificial intelligence and blockchain applications—sectors experiencing exponential growth.

Retail investors face mounting concerns as institutional players continue profit-taking. Over $1 billion in shares have changed hands since mid-August, reflecting both the stock's meteoric rise and inherent volatility. GPU cloud services remain a competitive battleground, with CoreWeave positioned as a key infrastructure provider.