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CoreWeave's CEO Just Gave Investors Great News

The Motley Fool·
CoreWeave's CEO Just Gave Investors Great News

CoreWeave CEO Michael Intrator reported the company is 'struggling to meet demand every day,' signaling robust demand for AI chips. Q2 sales surged 112% to $2.6 billion, though the company remains unprofitable with a $49 million operating loss. Adjusted EBITDA doubled year-over-year to $1.5 billion, suggesting potential for future profitability as the AI investment boom continues.

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