CoreWeave’s CEO Says the Market Doesn’t Understand His Company. Whether or Not It Does Isn’t What Matters Here.

CoreWeave (CRWV) CEO Michael Intrator isn't happy with Wall Street's assessment of his artificial intelligence (AI) company, and he's making sure his employees know it. According to a Bloomberg report, Intrator sent an internal memo to employees defending CoreWeave's financial strength as investors raised concerns about its massive debt and the cost of financing its AI infrastructure expansion.

"When you are building a new type of technology company, there will be periods of time when the market misunderstands and acts irrationally," he wrote in the memo.