CoreWeave Inc. Chief Executive Officer Michael Intrator expressed confidence in the company's partnership with NVIDIA, its key backer and supplier, which is currently embroiled in controversy.

"NVIDIA is an extremely important technology company," Intrator said in an interview following the release of the company's quarterly earnings. "They are an excellent partner for CoreWeave and always have been. We will continue to work closely with them."

In recent weeks, both CoreWeave Inc. and AI chip giant NVIDIA have experienced turbulence. Market concerns about slowing AI spending have sent shares of both companies sharply lower; in addition, the NVIDIA board launched an investigation into Jensen Huang over his relationship with a woman. Meanwhile, CoreWeave's heavy debt burden has raised investor alarm, though the upbeat results announced by CEO Intrator on Tuesday somewhat eased those concerns.

CoreWeave Inc. is part of the so-called "neocloud" industry, a group of companies rapidly expanding AI data centers, a costly business that requires substantial debt financing. Although NVIDIA is seen as a possible source of further support, Huang has previously played down concerns about CoreWeave's financial condition.

Intrator declined to discuss NVIDIA's situation, saying it was not appropriate to discuss related matters. "They are a great partner," he said in the interview. "They have always been a great partner. Throughout our entire partnership, we have been in contact with hundreds of people over there, and we have no reason to think that will change. It's that simple."