"Coreweave's co-founder and CEO, Michael Intrator, defended his company's performance from critics, noting that it was in the midst of creating a "new business model" for how cloud computing can be built and run. Their collection of Nvidia GPUs is so valuable, they borrow against it to help finance their business. The executive seemed to imply: If you're charting a new path, you're destined to encounter some road bumps along the way."
""I think people are myopic a lot of times," Intrator said, when questioned about his company's occasionally unstable stock price. "Yes, it is see-sawing," he admitted, while noting that the Coreweave IPO took place not long before President Trump's tariffs went into effect -a notably uncertain moment for the overall economy. "We came out into one of the most challenging environments, right around Liberation Day and, in spite of the incredible headwinds, were able to launch a successful IPO," the CEO told Brainstorm editorial director Andrew Nusca. "I couldn't be prouder of what the company has accomplished," he added."
Coreweave went public in March in an IPO that fell short of expectations. A planned October acquisition of business partner Core Scientific faltered because of shareholder skepticism. The company completed several other acquisitions while stock price fluctuated, debuting at $40 and climbing above $150 over eight months. CEO Michael Intrator defended the firm's performance, saying Coreweave is creating a new cloud-computing business model and uses its Nvidia GPU fleet as collateral to finance operations. Intrator cited macroeconomic headwinds, including tariffs, as drivers of volatility and framed setbacks as part of pioneering a new path.
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