CoreWeave CEO Addresses Circular Investment Concerns

1 min read
Source: CNBC
CoreWeave CEO Addresses Circular Investment Concerns
Photo: CNBC
TL;DR Summary

CoreWeave CEO Michael Intrator defends the company's deals with major tech giants like Meta, Microsoft, and Nvidia, arguing that these are essential infrastructure investments rather than circular funding, despite concerns from some on Wall Street. The company, which went public in March and has seen its stock rise over 200%, is expanding its contracts significantly, emphasizing the importance of AI infrastructure buildout in the market.

Share this article

Reading Insights

Total Reads

0

Unique Readers

2

Time Saved

2 min

vs 3 min read

Condensed

84%

40865 words

Want the full story? Read the original article

Read on CNBC