CoreWeave CEO Reportedly Dismisses 'Circular Investment' Concerns, Says Companies Are Buying AI Infra Because Of Demand

CoreWeave Inc. (CRWV) co-founder and CEO Michael Intrator reportedly dismissed growing concerns of “circular investment” in the artificial intelligence sector on Thursday.

In an interview with CNBC, Intrator stated that the world's largest technology companies are purchasing AI infrastructure from CoreWeave because they have a demand.

“It’s a fundamental infrastructure buildout that is taking place, and when you have such a massive scale investment in infrastructure, it is not unusual to see partnerships as people try to serve infrastructure to the consumers. It happens in other markets, it’s happening in this market,” he said in the interview.

CoreWeave shares were down nearly 1% in Thursday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘bearish’ territory.

Intrator’s comments come a day after Nvidia Corp. (NVDA) CEO Jensen Huang downplayed concerns about an AI bubble. In an interview on Wednesday, Huang said that they are “naturally growing” on their own as part of a half-trillion-dollar capacity buildout.

“If you look at the hyperscalers now, that’s where the first tranche of AI infrastructure is building. If you look at hyperscalers, that’s $2.5 trillion of business already operating today. That $2.5 trillion business, the capex that goes underneath that… call it about $500 billion, that transition from a classical CPU-based computing to now generative AI computing, powered by GPUs, that transition is just starting,” he said in the interview.

Nvidia is one of the investors in CoreWeave, and it also signed a $6.3 billion cloud computing capacity deal with the latter in September.

CRWV stock is up 259% year-to-date since its debut in March 2025.

Also See: Dow Futures Are Little Changed As Investors Await Jerome Powell’s Speech: TSLA, NVO, DAL, PEP Among Stocks To Watch

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