Despite CoreWeave's sharp sell-off in the aftermath of last week's sweeping electoral victory for Democrats, CEO Mike Intrator said the company isn't worried about the political changes on the horizon.
"We do not anticipate any impact from the seismic regulatory shift that's occurred," Intrator said on his company's earnings call late Tuesday, in response to a question about new pressures after the election. "We believe that what has occurred is a statement around how you build. We want to build responsibly."
Tune in at 9:30 a.m. ET as CoreWeave CEO Mike Intrator joins CNBC TV to discuss the company's latest earnings report. Watch in real time on CNBC+ or the CNBC Pro stream.
Intrator's comments came after CoreWeave reported 168% year-over-year revenue growth, beating estimates, and lifted its forecast for 2026. The stock rallied in extended trading, as the report offered some relief to investors, who have pushed the shares down 40% over the past month.
Rising interest rates and an unfavorable political environment have fueled concerns that the artificial intelligence boom is poised to cool and that companies like CoreWeave will struggle to raise capital.