AIThe Next Webabout 2 hours ago
Nvidia CEO Says No Backstop for CoreWeave
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Nvidia CEO Jensen Huang stated in Stockholm on Thursday that CoreWeave requires no financial backstop as its cost of capital decreases. Simultaneously, 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, while Nvidia separately explores a potential $250bn backstop for OpenAI.
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