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Three CoreWeave Founders Have Cashed Out $3.3 Billion Since IPO

Latest data shows that the three co-founders of AI computing power rental provider CoreWeave have collectively reduced their holdings of company stock worth $3.3 billion since their US stock IPO last year, with cash-out volume reaching $2.4 billion since the start of this year alone. Amid continuously rising credit risks and growing investor caution toward AI spending that has triggered sharp stock price volatility, the three individuals are locking in gains via large-scale cash-outs.

Source: PANewsRead original

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