CoreWeave CEO Says Company Struggling to Meet Demand for Nvidia GPUs
CoreWeave, an AI cloud services provider backed by Nvidia (NVDA), is struggling to meet the surging demand for its GPU-powered infrastructure. CoreWeave's CEO Michael Intrator stated that every available graphics processing unit could be sold multiple times over due to high client interest. This reflects broader strength in the AI market driven largely by Nvidia’s dominance and growth projections. Nvidia, which supplies all of CoreWeave’s advanced GPUs and holds an 11.5% equity stake, is forecasting more than 70% revenue growth for fiscal year 2028—well above analyst expectations. This strong demand has benefited CoreWeave as well; the company reported a second-quarter sales increase of 112% year-over-year and raised its full-year 2026 revenue guidance to between $12.4 billion and $13.2 billion. CoreWeave’s stock is up about 40% this year, reflecting investor confidence in the company's execution and profitability improvements.
Topics: AI infrastructure CoreWeave growth GPU demand Nvidia partnership