CoreWeave CEO Says Computing Demand Continues to Grow
Dow Jones
Aug 12
Cloud-computing demand continues to grow, CoreWeave CEO Michael Intrator says on a Tuesday call after the company reported a fifth consecutive quarter of record revenue. "Our near-term capacity remains effectively sold out," Intrator says. "That is translating into signed commitments on increasingly favorable terms from a broadening set of customers and is positioning CoreWeave to gain market share for years to come." Intrator adds that CoreWeave is well-positioned to benefit as enterprises increasingly see compute needs as ongoing requirements rather than one-time costs. Shares of CoreWeave jump 13%.
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