Nvidia’s Huang says CoreWeave needs no backstop, as its credit swaps hit a record
He said it in Stockholm, midway through a European tour selling AI infrastructure. In June the same credit swaps were at a third of Thursday's level.
Via TNW | Artificial-intelligence
Jensen Huang told Bloomberg in Stockholm that CoreWeave’s cost of capital is decreasing and that Nvidia does not need to backstop the company. On the same day CoreWeave’s five-year credit default swaps hit a record 1,194.5 basis points, pricing a more than 60% chance of default within five years.
Jensen Huang said in Stockholm on Thursday that CoreWeave is getting financially stronger and that Nvidia has no need to backstop it. On the same day, the credit market priced a…
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