AI Cloud Core Stock, 4 Trillion Won Loan for Infrastructure Acquisition Alongside Executive Stock Sales

On May 15, CoreWeave Financing DDTL V, LLC, a subsidiary of CoreWeave’s parent company, secured a new credit facility of up to $3.1 billion from a lender group led by Morgan Stanley. This delayed-draw term loan provides a funding line equivalent to roughly KRW 4 trillion for infrastructure asset acquisitions and liquidity management.

On May 12, Michael Intrator, CEO of CoreWeave, Inc. (NASDAQ: CRWV), sold shares on multiple occasions under a 10b5-1 plan, realizing approximately $30 million (around KRW 40 billion) in cash. He continues to hold substantial stakes directly and through family trusts.

Between May 27 and 28, director Jack D. Kogen sold several hundred thousand shares through affiliated entities, generating about $71 million (roughly KRW 90 billion). He still maintains a multi-million-share position across family trusts, corporate holdings and direct ownership.

Recently, CoreWeave signed a long-term AI cloud capacity agreement with Meta valued at about $21 billion, followed by a $6 billion cloud deal with Jane Street, and secured additional large-scale infrastructure contracts with Anthropic. As a result, its order backlog has surged toward $100 billion (approximately KRW 130 trillion).

In the first quarter of 2026, revenue more than doubled year-over-year to about $2.1 billion, but the company raised the lower bound of its full-year capital expenditure plans, citing higher component costs and signaling continued heavy investment ahead.

CoreWeave is a U.S.-based provider of NVIDIA GPU-based AI-specialized cloud infrastructure. Since its Nasdaq listing in 2025, it has rapidly expanded through major contracts—including over $11 billion in infrastructure deals with OpenAI—as well as agreements with Meta and Anthropic.

With explosive growth in GPU and power demand for training and inference of large AI models, AI-focused cloud and data-center operators like CoreWeave have emerged as central players in U.S. technology and financial markets for large-scale funding and M&A.