CoreWeave's Chief Executive Officer stated that, notwithstanding fluctuating share prices, the initial public offering was a 'tremendous triumph' following difficulties related to the timing of the Liberation Day duty.

“When you introduce new models, introduce a new way of doing business, disrupt what has been a static environment, it’s going to take some people some time,” Intrator said Tuesday at Coins2Day’s Brainstorm AI conference in San Francisco. But, he added, more people are beginning to understand the CoreWeave’s business model.

“We came out into one of the most challenging environments,” Intrator said of CoreWeave’s March IPO, which occurred very close to President Trump’s “Liberation Day” tariffs in April. “In spite of the incredible headwinds, we’re able to launch a successful IPO.”

Since its public market introduction eight months ago, CoreWeave, which set its IPO at $40 per share, has witnessed considerable volatility in its stock value. As of Tuesday's closing rate of $90.66, the company's shares are still trading significantly higher than their initial offering cost.

Last month, Coins2Day noted that CoreWeave's swift ascent was propelled by a bold, debt-financed approach to quickly establish data centers for AI clients. Currently, this gamble continues to yield positive results. In its Q3 financial report from November, the firm announced its revenue backlog almost doubled within three months, reaching $55.6 billion from $30 billion. This surge reflects substantial long-term agreements with prominent customers such as Meta, OpenAI, and the French AI venture Poolside. Both profit and sales figures surpassed projections made by Wall Street analysts.

However, the figures weren't entirely positive. CoreWeave revealed an additional rise in the borrowings it has incurred to fund its growth, and it adjusted its projected revenue for the entire year lower—indicating that, despite substantial demand anticipated.

As media reports labeled CoreWeave a “ticking time bomb,” and detractors pointed to internal stock transactions, allegations of round-trip funding, and excessive dependence on Nvidia, Intrator was queried if he believed CoreWeave was being misinterpreted.

“Look, we built a company that is challenging one of the most stable businesses that exist—that cloud business, these three massive players,” he said, referring to AWS, Microsoft Azure and Google Cloud.  I feel like it’s incumbent on CoreWeave to introduce a new business model on how the cloud is going to be built and run. And that’s what we’re doing.” 

He repeatedly framed CoreWeave not as a GPU reseller or traditional data-center operator but as a company purpose-built from scratch to deliver high-performance, parallelized computing for AI workloads. That focus, he said, means designing proprietary software that orchestrates GPUs, building and colocating its own infrastructure, and moving “up the stack” through acquisitions such as Weights & Biases and OpenPipe.

Intrator additionally supported the firm's approach to debt, asserting that CoreWeave is essentially pioneering a novel funding structure for AI infrastructure. He highlighted the company's capacity to reallocate power supplies, swiftly implement capacity, and secure funding for extensive clusters as evidence that it's addressing challenges that established players never encountered.

“When I look back at history of the company, it took us a year with with a company investor like Fidelity, before they were like, ‘Oh, I get it,’” he said. “So look, we’ve been public for eight months. I couldn’t be prouder of what the company has accomplished.”