Coreweave CEO Defends IPO Rollercoaster Amid AI Cloud Growth

[nihalsari]

Coreweave CEO Michael Intrator says critics of the company’s fluctuating stock are missing the bigger picture. Speaking at Fortune’s AI Brainstorm summit, he called the firm’s journey a “new business model” for cloud computing, highlighting its GPU-backed financing strategy and expansion into AI infrastructure.
Since its March IPO, Coreweave stock has seen dramatic swings — debuting at $40, climbing past $150, and currently around $90 — reflecting both market headwinds and the company’s unconventional path as a disruptor in AI cloud services.

[Abdul Khan]

Volatility is expected when a company scales this fast.

[Rimon Khan]

The AI boom gives CoreWeave a strong long-term story despite market swings.