Nvidia does not need to backstop CoreWeave, Jensen Huang says

What happened: Nvidia CEO Jensen Huang said Nvidia does not need to backstop CoreWeave. CoreWeave (CRWV) shares fell about 4% on Thursday after a roughly 15% drop a day earlier. Key numbers: CRWV fell about 4% Thursday and roughly 15% the prior day. Why it matters: The declines reflect investor worry about what it costs the cloud provider to fund its AI buildout, even as some of its bonds recovered.

Nvidia CEO denies need to backstop CoreWeave, addressing investor concerns.

Nvidia CEO denies need to backstop CoreWeave, addressing investor concerns. — impact context not separately stored; see What changed.