CoreWeave CEO Michael Intrator stated Wednesday that the economics of the company's newer AI data-center deals are improving. He described these deals as "excellent."
Intrator explained in a CNBC interview that strong demand for AI computing power allows CoreWeave to increase prices. This price increase outpaces the rising input costs for power and infrastructure.
Intrator noted CoreWeave has added between 5% and 10% of operating margin to its more recent deals. He expects this margin improvement to become increasingly visible in the company's financial results. This visibility will grow as CoreWeave scales its operations.
This follows a second quarter that Intrator previously described as an inflection point for the company's operating leverage.