CoreWeave’s AI-Native Cloud Faces the Storm - WSJ
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/cio-journal/coreweaves-ai-native-cloud-faces-the-storm-bef81999 By July 21, 2026 12:39 pm ET Listen (9 min) A number of years ago when he saw the new age of artificial intelligence unfolding, Michael Intrator determined that the technology demanded a fresh approach to the entire cloud, from infrastructure and software to the way build-outs are financed. Since then, the company he co-founded, now named CoreWeave, has been in a sprint to build a new AI-native cloud. Along the way, it has experienced explosive growth, helped by a strategic relationship with Nvidia and debt issuance backed by contracts with premier customers such as Microsoft, Meta and trading giant Jane Street. But rec