Jensen Huang says CoreWeave is getting financially stronger

The Nvidia chief defended the GPU cloud provider as its shares slid and credit default swap costs climbed Nvidia CEO Jensen Huang has a message for anyone nervously watching CoreWeave’s balance sheet: relax, the company is getting stronger. Speaking at an event in Stockholm on October 15, 2026, Huang said CoreWeave’s cost of capital is falling and that Nvidia does not need to backstop the company. Coming from the CEO of the chipmaker that supplies CoreWeave’s GPUs and owns a slice of its equity, that is less a neutral review than a vote of confidence from an invested party. The timing was not accidental. CoreWeave shares dropped 15% in a single session in mid-October 2026.

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