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CoreWeave CEO cites strong backlog in memo to reassure staff amid market scrutiny
Reuters reports CEO Mike Intrator said the market can sometimes “misunderstand and act irrationally”; CoreWeave shares closed down around 15%.
TLDR
Reuters reports that CoreWeave CEO Mike Intrator cited a strong backlog in a memo to reassure staff amid market scrutiny. Intrator said the market can sometimes “misunderstand and act irrationally,” while shares of the AI cloud-computing provider closed down around 15%.
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