CoreWeave CEO Mike Intrator: The demand for computing infrastructure remains overwhelming

📅 Nov 11, 2026 CNBC Television 4 MIN 602 VIEWS 12 SEGMENTS · 2 SPEAKERS

CoreWeave CEO Mike Intrator joins 'Squawk on the Street' to discuss Q3 revenue surges, the demand for computing infrastructure and more.

Michael Intrator 0:00 ↗

They're doing enough to support the contracts that they have with us.

Squawk on the Street Host 0:05 ↗

Some $650 billion in RPO, but about half of that is OpenAI.

They're positive. They're positive. You know, this is very positive. Dave was, yes. CoreWeave was, and the stock surging after reporting its third-quarter revenue beat, raising its guidance. The company's also closely tied to Nvidia. We can get to that. Michael, welcome back to the show.

Michael Intrator 0:25 ↗

Thank you for having me, guys. Great to be here.

Squawk on the Street Host 0:27 ↗

Okay, I don't know where to start because the pluses were actually so good. Your revenue was amazing. The adjusted loss was much less than I thought. Margins improved a quarter ahead of the plan. But I think maybe if you can just start by saying the demand and how outsized it is, because there were some analysts who still seem to think that this is the tail end of this revolution.

Michael Intrator 0:47 ↗

Yeah.

6 more exchanges in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Intrator, M. (2026, November 11). CoreWeave CEO Mike Intrator: The demand for computing infrastructure remains overwhelming [Interview transcript]. CNBC Television. CEOInterviews.AI. https://ceointerviews.ai/interview/3248534/

MLA

Michael Intrator. "CoreWeave CEO Mike Intrator: The demand for computing infrastructure remains overwhelming." CNBC Television, 11 Nov. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3248534/.

BibTeX

@misc{intrator2026_3248534,
  author       = {Michael Intrator},
  title        = {CoreWeave CEO Mike Intrator: The demand for computing infrastructure remains overwhelming},
  howpublished = {Interview transcript, CNBC Television. CEOInterviews.AI},
  year         = {2026},
  month        = {nov},
  url          = {https://ceointerviews.ai/interview/3248534/},
  note         = {Speaker-attributed transcript with timestamps}
}

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Also at CoreWeave

Margaret WhitmanIndependent Director of the Board of CoreWeave; former CEO of HPE/HP/eBay.

All CoreWeave executives →

About Michael Intrator

Michael Intrator, co-founder, president, CEO, and chairman of CoreWeave, has recently discussed the company's performance and strategy in several media appearances and at CoreWeave's first large-scale user conference, Fully Connected 2026, held in San Francisco. Following the company's Q3 2026 earnings report, Intrator stated that demand for computing infrastructure "is and remains overwhelming" and that the company is "10x oversubscribed" to its remaining 2027 capacity and "multiples oversubscribed" for 2028. He also said that the narrative that the AI infrastructure build-out is at its tail end "doesn't really actually track with the facts on the ground." Regarding debt concerns, Intrator noted that while interest expenses rose 20%, adjusted operating income increased by 300%, and he expressed confidence in the company's ability to service its debt, adding that he had cancelled his 10b5-1 trading plan. At Fully Connected 2026, CoreWeave launched Forge, a suite of development tools aimed at helping clients train and improve AI models. Intrator described the company's evolution from a "neocloud" to what he called "the re-original AI cloud," emphasizing a focus on purpose-built infrastructure and software for AI workloads. He also discussed the company's expansion into India and Indonesia, with new data center projects announced, and commented on the global competitive landscape, stating that China understands AI is the "battleground" for economic competition with the United States. Intrator reiterated the strength of CoreWeave's relationship with Nvidia, discussed the value of older GPU infrastructure, noting that A100 chips from 2020 have been contracted through 2029, and said that rising interest rates have not eroded the profitability of new infrastructure because margins are expanding faster than rates are increasing.

All Michael Intrator appearances → CNBC Television on YouTube →