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CoreWeave CEO Defends Finances to Staff

CoreWeave CEO Mike Intrator assured employees in a memo that the company has a strong backlog to support its debt. The reassurance followed a significant drop in its shares and bonds amid market scrutiny over rival financing difficulties.

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FILE PHOTO: CoreWeave logo is seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

CoreWeave Inc. Class A CEO Mike Intrator defended the AI cloud-computing provider's financial standing in an internal memo on Wednesday after its shares fell 15%.
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