Cathie Wood's ARK Invest Purchases CoreWeave Shares Amid Plunging Common Stock, Bond Prices

06:11 AM EDT, 10/15/2026 (MT Newswires) -- Cathie Wood-led ARK Invest bought 188,665 shares of CoreWeave (CRWV) on Wednesday, according to the fund's disclosure on the ARK website, amid a plunge in the company's bonds and shares. Early Thursday, CoreWeave shares were down nearly 7% after a more than 15% drop on Wednesday. ARK Invest bought shares in two tranches -- 145,319 and 43,346. CoreWeave chief executive officer Mike Intrator said a plunge in the company's stock and bond prices is due to the market acting "irrationally," Bloomberg reported Wednesday, citing a memo it saw. The deal backlog is large enough to support debt obligations, Intrator reportedly said in the memo. The yield on CoreWeave's 9.625% senior unsecured notes due 2032 climbed to over 15.5% midday Wednesday from 13.36% at the start of the month, according to Trace bond pricing information service. The bond is trading at $78, down from around $85 at the start of the month. The company would likely be the first to fail if the artificial intelligence cycle turns, with its equity value falling to zero, D.A. Davidson analyst Gil Luria said on the Prof G Markets podcast.