AI company CoreWeave's stock has fallen 32% since it joined the Nasdaq 100 index on June 22, 2026. During this period, company executives and board members have sold over $600 million worth of stock, with CEO Michael Intrator liquidating over $320 million and co-founder Brannin McBee selling $220 million. The company's stock currently trades near $80, down from over $119 on the day Nasdaq announced its rebalance. Despite doubling revenue in Q2 and boasting $100 billion in backlogged revenue, CoreWeave faces significant financial challenges. Depreciation and amortization of its AI equipment exceeded $1.3 billion in Q2, accounting for 54% of revenue. Its debt pile has grown from $7.9 billion to over $35.6 billion, with interest payments consuming a substantial portion of earnings. The company's full-year capital expenditure guidance of $35-39 billion is far higher than its revenue guidance