CoreWeave CEO says he can beat 15% bond yields with new capital deployment
As seen on the 24/7 Wall St. homepage on November 11, 2026.
CoreWeave's CEO is betting new GPU capacity clears a hurdle rate north of 15%, and canceling his preset selling plan says he wants to be seen taking that bet with his own shares.
CoreWeave $CRWV CEO Michael Intrator, asked on CNBC why it isn't buying back bonds yielding ~15%, said: "I can deploy the capital at a higher rate of return." Jim Cramer pressed whether it can really earn over 16%. Intrator also said he canceled his 10b5-1 stock trading plan.
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CoreWeave's bonds are yielding roughly 15%, which would strike most investors as an easy, risk-free win for the company to buy them back at a discount. CEO Michael Intrator pushed back on that logic during a CNBC appearance, saying simply: "I can deploy the capital at a higher rate of return."
Jim Cramer pressed him on whether CoreWeave can realistically clear 16% on new investments, implying the bar Intrator has set for himself is not a modest one. Intrator did not back down from the claim, suggesting the company sees its GPU infrastructure buildout as a higher-returning use of cash than retiring its own debt.
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Separately, Intrator disclosed that he canceled his 10b5-1 plan, the preset schedule that lets executives sell shares on autopilot. Scrapping it keeps his equity position intact and gives him flexibility.
The CEO is publicly betting that CoreWeave's returns on new capital will outpace a 15% hurdle rate, and he is backing that view with his own equity by walking away from a plan that would have let him sell.
Mentioned: CRWV