Key facts
- Crusoe CEO called the selloff of neoclouds overblown.
- He stated that rival CoreWeave Inc. has completed good deals.
The chief executive officer of Crusoe, a company that develops data centers and supplies AI computing, has characterized the recent market downturn for "neoclouds" as excessive. Crusoe has existing contracts with major technology firms such as Meta Platforms Inc., Oracle Corp., and Alphabet Inc.'s Google. The CEO specifically commended CoreWeave Inc., a competitor, for its successful deal-making.