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CoreWeave CEO Addresses Stock and Bond Selloff with $104.2 Billion Revenue Backlog
CoreWeave CEO Mike Intrator reassures employees about the company's financial health by pointing to a $104.2 billion revenue backlog. The memo comes after a significant drop in the company's stock and bonds. Intrator attributes the backlog to contracted future revenue and new customer commitments. He also addresses the bond market's skepticism, suggesting that negative sentiment is partly driven by peers' financing struggles.