Nvidia CEO Backs CoreWeave After 15% Plunge as $2 Billion Tie-Up Faces AI Slowdown Fears
Updated
Updated · Yahoo Finance · Oct 15
Nvidia CEO Backs CoreWeave After 15% Plunge as $2 Billion Tie-Up Faces AI Slowdown Fears
3 articles · Updated · Yahoo Finance · Oct 15
Summary
Jensen Huang said CoreWeave's "strength is improving every day" and its cost of capital is falling, stepping in after the AI cloud group's shares tumbled 15% on Wednesday and slipped again Thursday.
The reassurance targeted mounting worries over CoreWeave's balance sheet and broader AI-demand durability, fears that also drove selling in its corporate bonds across maturities.
That stress spread across AI infrastructure names: Nebius fell 11%, Oracle lost 9%, several smaller peers dropped more than 10%, and Nvidia itself was down 2% Thursday morning.
Nvidia has deep exposure to the outcome: it invested $2 billion in CoreWeave in January, holds 47.2 million shares—about 10% of the company—and relies on it as a major GPU customer.