What did Crusoe's CEO actually say about CoreWeave?

Chase Lochmiller said he believes "a lot of this angst is overblown and is a bit of an overreaction," and that "CoreWeave has made some very good deals. They're in a pretty good position."

How badly has CoreWeave been hit?

Its bonds dropped to distressed levels this month, and its shares fell more than 30%.

Founded in 2018, Crusoe develops data center projects and sells AI cloud computing capacity, working with Meta Platforms, Oracle Corp, and Alphabet Inc.'s Google.

AI Business & IndustryYahoo Finance AI2m agoOct 28, 2026, 04:00 JST

Crusoe CEO Chase Lochmiller: CoreWeave fears "overblown"

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3 Key Points

What happened
At the Bloomberg Invest conference in Dallas, Crusoe CEO Chase Lochmiller called the market angst over neocloud providers "overblown" and said CoreWeave, whose shares fell more than 30% this month, is "in a pretty good position."
Why it matters
A direct competitor is publicly backing CoreWeave as its bonds sit at distressed levels, offering a counterpoint to investor fears about AI infrastructure financing — though one CEO's view may not settle the debate.

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Context & Analysis

The remarks came at the Bloomberg Invest conference in Dallas, where Lochmiller framed the recent selloff in neocloud providers as an overreaction rather than a verdict on the business model. His defense is notable because Crusoe competes in the same arena — it develops data center projects and sells AI cloud computing capacity — so his endorsement of CoreWeave's position reads as a defense of the sector he operates in.

CoreWeave has become the focal point for concerns about AI infrastructure financing. The concrete stress shows in its debt: the company's bonds dropped to distressed levels this month, while its shares fell more than 30%. Lochmiller pointed to CoreWeave's dealmaking — "some very good deals" — as the basis for his confidence.

Crusoe's own footprint in large AI projects, including OpenAI's flagship site and Oracle's Stargate project in Texas, plus relationships with Meta Platforms, Oracle Corp, and Alphabet Inc.'s Google, illustrates the scale of commitments tied to this buildout. Whether one CEO's reassurance is enough to calm credit and equity investors in the sector remains to be seen.

FAQ

What did Crusoe's CEO actually say about CoreWeave?: Chase Lochmiller said he believes "a lot of this angst is overblown and is a bit of an overreaction," and that "CoreWeave has made some very good deals. They're in a pretty good position."
How badly has CoreWeave been hit?: Its bonds dropped to distressed levels this month, and its shares fell more than 30%.
What does Crusoe do?: Founded in 2018, Crusoe develops data center projects and sells AI cloud computing capacity, working with Meta Platforms, Oracle Corp, and Alphabet Inc.'s Google.

Yahoo Finance AIRead Original Article

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