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
Dark Defender Shows XRP Remains Bullish for These Top Price Targets
Japan Yen Intervention Raises Pressure on U.S. Treasuries and Risk Assets
SpaceX Rival Claims €10 Billion Pipeline After First Orbit. How Will Stock React?
Episurf Medical signs LOI to buy Greater Stockholm property for about SEK 95 million
Crypto prices
More
