CoreWeave CEO Says Computing Demand Continues to Grow -- Market Talk
Dow Jones2026/08/11 22:33Cloud-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%. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
August 11, 2026 18:33 ET (22:33 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cathie Wood Brings $1.3 Billion Fund Holding SpaceX and OpenAI Onchain
Ethereum’s $2,540 Retest Becomes Key Test for the Rally
Canton Network breaks 2 month range! – CC’s run to $0.15 depends on THIS zone
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Crypto prices
More
