Jensen Huang Says CoreWeave's Financial Position Is Improving, No Backstop Needed

Nvidia CEO Jensen Huang said the financial strength of CoreWeave Inc., a data center operator that uses Nvidia's computing equipment, is growing. Speaking in an interview at an event in Stockholm, Huang said, "CoreWeave's strength is improving every day." He argued that Nvidia does not need to provide a backstop for the company. "I am optimistic about this. The company's cost of capital is actually coming down." Credit markets had previously cooled on CoreWeave, judging its bankruptcy risk to be rising, and Huang is working to restore market confidence in the company. (Sina Finance)