CoreWeave CEO stated that demand for NVIDIA's high-end chips remains strong, and the company is working to meet it.
CoreWeave CEO Michael Intrator stated at a recent tech conference that the company is "working every day to meet demand," calling it a "unique moment" for their business. He noted that demand for leading chips remains strong, which is a good sign for investors concerned about a potential slowdown. The company's second-quarter sales grew 112% to $2.6 billion, but it reported an operating loss of $49 million and interest costs of $640 million. Despite this, adjusted EBITDA reached $1.5 billion, double the amount from a year ago.
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