As CoreWeave Inc. (NASDAQ:CRWV) makes its public market debut, CEO Michael Intrator pushes back on concerns over client concentration and insists that investor skepticism is missing the company's long-term value and growth potential.

What Happened: CoreWeave, the AI cloud infrastructure company backed by Nvidia Corp. (NASDAQ:NVDA), officially began trading on Friday in one of the year's most anticipated IPOs.

While the company has reported explosive 700% year-over-year revenue growth, much of that success hinges on two major clients: Microsoft Corp. (NASDAQ:MSFT) and ChatGPT-maker OpenAI, which together account for the majority of its income.

Critics have raised red flags over this revenue concentration, but CEO Intrator isn't fazed.

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"They say that we had 60% of revenue from Microsoft, and then ...

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