Business & Economy · 34 views
CoreWeave CEO Michael Intrator cites ‘sold out’ capacity as revenue more than doubles and backlog swells to $104 billion
Neocloud provider CoreWeave’s revenue more than doubled in the second quarter, totaling $2.58 billion and topping analysts targets thanks to surging demand for its AI infrastructure services.
Summary
Neocloud provider CoreWeave’s revenue more than doubled in the second quarter, totaling $2.58 billion and topping analysts targets thanks to surging demand for its AI infrastructure services. “Our near-term capacity remains effectively sold out,” CEO Michael Intrator said on a call with analysts on Tuesday.
AI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedCoverage Context
More from Business & Economy
Continue reading recent Business & Economy coverage
- Judge Tosses Trump’s $10 Billion Suit Against The Wall Street JournalContinue reading
- Trump defamation suit against Murdoch, WSJ over Epstein letter dismissed with prejudiceContinue reading
- My abusive ex-husband promised $20,000 for our kids’ education. Now he refuses to pay. Is he legally obligated?Continue reading
- If California undid its ‘original sin’ and matched Texas on taxing property, it would raise more revenue than the billionaire tax, economists sayContinue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow