Nvidia's Huang Says CoreWeave Needs No Backstop, as Its Credit Swaps Hit a Record
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welingelichtekringen.nlThe global sell-off of AI-related stocks appears to be coming to an end. On Wall Street, investor confidence recovered on Thursday following remarks by chip company Jensen Huang. He dismissed concerns about financing problems at CoreWeave, adding that he did not believe the data center company needed to be rescued by Nvidia.
CoreWeave's and other cloud computing companies' shares were down on Thursday (15), as debt concerns continued to strongly affect the artificial intelligence sector. However, Jensen Huang, Nvidia's CEO, stated that there is no need for his company to intervene. Exclusive subject matter for subscribers. To have full access, access the link of the subject and register.
Nvidia's Huang says CoreWeave needs no backstop, as its credit swaps hit a record
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 […] This story continues at The Next Web
NEW YORK (ANP) - The global sell-off of AI-related stocks appears to be coming to an end. On Wall Street, investor confidence recovered on Thursday following remarks by Nvidia CEO Jensen Huang. He dismissed concerns about financing problems at CoreWeave...
Nvidia's CEO's words about CoreWeave's strength and the fall in its capital cost give a turn to the session: Nasdaq 100 goes from falling more than 1% to closing in positive.
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