Nvidia CEO says CoreWeave is strengthening, needs no backstop
Stockwhiz•15/10/2026•12:08 ET
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Key Highlights
- ➤CoreWeave five-year default swaps price more than 60% default probability
- ➤CoreWeave debt protection costs hit record 1,194.5 basis points
- ➤Nvidia CEO Jensen Huang says CoreWeave’s financial strength is improving
- ➤Nvidia holds about a 10% stake in CoreWeave
- ➤Huang says Nvidia does not need to backstop CoreWeave
Expert Statements
Jensen Huang, Chief executive officer of Nvidia
“CoreWeave’s strength is improving every day”
Jensen Huang, Chief executive officer of Nvidia
“I’m optimistic. Their cost of capital is actually decreasing.”
Nvidia CEO Jensen Huang said CoreWeave is growing financially stronger and does not need a backstop, even as swaps priced a more than 60% chance of default within five years.
The comments came after credit markets turned against CoreWeave Inc. (CRWV), judging that the data center operator’s risk of failure was rising. The company has become an important test of the viability of businesses created to meet demand for artificial intelligence computing.
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