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LIVINGSTON, N.J. - CoreWeave, a leading cloud platform provider for AI technologies with a market capitalization of $49.31 billion, announced the appointment of Carl Holshouser as Vice President of Government Affairs. Holshouser, who has a 20-year track record in government and public affairs, joins CoreWeave from TechNet, where he served as Executive Vice President and Head of Federal Policy and Government Relations. According to InvestingPro data, the company has demonstrated remarkable growth with a 156.85% return year-to-date.
In his new role at CoreWeave, Holshouser is expected to spearhead the company’s efforts in shaping public policies at the federal and state levels, which are becoming increasingly influential to the business as it navigates the growing AI industry. While analysts anticipate strong sales growth for the current year, InvestingPro analysis reveals the company faces challenges with cash burn and profitability. CoreWeave’s CEO Michael Intrator expressed confidence in Holshouser’s ability to align the company’s strategic goals with evolving government policies affecting AI.
Holshouser’s career includes significant achievements in advocacy, having led campaigns that addressed critical issues such as AI, privacy, trade, cybersecurity, and semiconductors. His efforts have earned him recognition in the industry, including being named a Leading Association Lobbyist for 2025 by CEO Update.
The appointment is part of CoreWeave’s strategic expansion of its leadership team, which has recently welcomed several other executives with strong industry backgrounds. The company, recognized as one of the TIME100 most influential companies and featured on the Forbes Cloud 100 ranking in 2024, continues to build its presence in the AI sector with its cloud solutions for accelerated computing.
This news is based on a press release statement from CoreWeave.
In other recent news, CoreWeave has announced the pricing of a $2 billion senior notes offering, increased from an initial target of $1.5 billion. The notes, due in 2030, are intended for general corporate purposes, including debt repayment. Meanwhile, Citi analyst Tyler Radke raised CoreWeave’s price target to $94 following strong first-quarter results that exceeded revenue expectations by 15 percentage points. Despite this, CoreWeave faced mixed results with weaker margins and net income, though a recent $4 billion deal with OpenAI has alleviated some investor concerns. Barclays downgraded CoreWeave from Overweight to Equal Weight, despite raising the price target to $100, citing a lack of immediate catalysts for stock value increase. Citizens JMP initiated coverage with a Market Perform rating, acknowledging growth but expressing caution about sustainability due to customer bargaining power. Moody’s assigned CoreWeave a Ba3 corporate family rating, reflecting high financial leverage and a stable outlook based on robust revenue and EBITDA growth. These developments paint a complex picture for CoreWeave as it navigates growth and financial challenges in the evolving AI sector.
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