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Fortune
Fortune
Amanda Gerut

CoreWeave CEO Michael Intrator cites ‘sold out’ capacity as revenue more than doubles and backlog swells to $104 billion

CoreWeave Michael Intrator Neocloud Nvidia
Man in a suit gesturing (Credit: Michael Nagle/Bloomberg via Getty Images)

Neocloud provider CoreWeave’s revenue more than doubled in the second quarter, totaling $2.58 billion and topping analysts targets thanks to surging demand for its AI infrastructure services.

“Our near-term capacity remains effectively sold out,” CEO Michael Intrator said on a call with analysts on Tuesday.

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