Stock Track | CoreWeave (CRWV) Soars 12.53% as CEO Rejects Nvidia 'Circular Financing' Claims

Stock Track
22 hours ago

CoreWeave, Inc. (CRWV) saw its stock surge 12.53% during intraday trading on Monday, marking a significant uptick amid mixed broader market performance.

The rally followed CEO Michael Intrator's forceful dismissal of allegations regarding "circular financing" with NVIDIA Corp (NVDA). Intrator labeled the claims as "ridiculous" and mathematically unsound, emphasizing that NVIDIA's $300 million investment is negligible compared to CoreWeave's $25 billion capital base. His comments reassured investors about the company's financial health and strategic use of debt.

CoreWeave's aggressive debt management strategy, which includes special purpose vehicles to mitigate risk, was also highlighted as a key factor in maintaining investor confidence. The stock's technical indicators, including a neutral RSI and bullish MACD, further supported the positive momentum.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10