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
OpenAI enterprise business shows "strong momentum," CFO: 32% month-on-month growth in July
According to media reports, OpenAI CFO Sarah Friar stated that the company's enterprise business has performed "very strongly" recently; OpenAI's overall annualized revenue run rate in July increased by 20% compared to the previous month, with enterprise business up 32% month-on-month, outpacing the growth of personal consumer business.
Elastic CTO Shay Banon reports disposal of Elastic common shares worth $26.79 million
Progressive Planet Solutions Names Kyle Dickson Interim CFO, Adds Dave Barnett to Board
Crypto prices
More
