CoreWeave CEO Dismisses Political Shifts as Potential Obstacle to AI Infrastructure Expansion
CoreWeave reported strong third-quarter results, featuring 168% year-over-year revenue growth that exceeded market estimates. Despite a recent 40% decline in stock price driven by fears of an AI slowdown and regulatory shifts following the Democratic midterm sweep, CEO Mike Intrator expressed confidence in the company's ability to navigate new political realities regarding data center construction. The company has raised its 2026 forecast and is targeting $37 billion to $39 billion in full-year capital expenditures. While analysts at J.P. Morgan Asset Management warned of increased uncertainty regarding permitting and power availability for projects beyond 2028, CoreWeave maintains it will continue scaling responsibly to meet its goal of 1.85 gigawatts in active power by the end of 2026.
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Topics: AI infrastructure data centers earnings report political regulatory impact revenue growth
Part of the story CoreWeave CEO Dismisses Political Shifts as Potential Obstacle to AI Infrastructure Expansion (2 articles)