Nvidia’s Huang says CoreWeave needs no backstop, as its credit swaps hit a record

T2Covered by 1 source · first reported by TNW at 15 Oct, 16:33 UTC

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…

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• T2Nvidia’s Huang says CoreWeave needs no backstop, as its credit swaps hit a recordTNW15 Oct, 16:33