NVIDIA's AI Cloud: Executives Sell Hundreds of Millions in Company Stock

Disclosures have revealed that the CEO and other senior executives of AI-cloud infrastructure company CoreWeave, Inc. (NASDAQ: CRWV) sold A-class common shares on the open market in mid-March. CEO Michael Intrater, acting under a pre-arranged 10b5-1 trading plan on March 11, disposed of part of his directly held shares and interests held through a special-purpose vehicle, raising roughly $2.5 million (about ₩3.4 billion) in proceeds. CFO Nitin Agrawal and Chief Strategy Officer Brian Venturo likewise converted B-class shares into A-class shares and executed sales ranging from a few million to $20 million—up to approximately ₩320 billion—fully liquidating the A-class shares held by West Clay Capital LLC, an entity controlled by Venturo. The filings also note that all three officers continue to hold substantial economic interests via B-class shares held in trusts, by spouses or by affiliated entities.

The company is currently defending a U.S. class action lawsuit filed on March 3, which alleges it overstated its capacity to meet AI compute demand from March through December 2025. The deadline for appointing a lead plaintiff was set for March 13. Meanwhile, on March 23, institutional investors—including IFP Advisors—added to their CoreWeave positions on Nasdaq. As major brokerages roll out price targets and ratings updates, the market is balancing caution—prompted by recent quarterly underperformance and insiders’ large stock sales—against renewed optimism.

Headquartered in New Jersey, CoreWeave is a GPU-based, AI-focused cloud infrastructure provider. Founded in 2017 as a cryptocurrency-mining firm, it shifted to AI compute services and scaled rapidly with strategic backing from NVIDIA. In March 2025, it went public on Nasdaq at $40 per share, implying a valuation of about $19 billion (roughly ₩25 trillion). Since then, CoreWeave has inked multibillion-dollar, long-term compute contracts with customers such as OpenAI and, in January 2026, secured an additional $2 billion (approximately ₩2.7 trillion) investment from NVIDIA to support ongoing data-center build-outs and capital-raising.