Jensen Huang says CoreWeave is getting financially stronger

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. A defense mounted during a rough week The timing was not accidental. CoreWeave shares dropped 15% in a single session in mid-October 2026. That slide arrived alongside a jump in the cost of the company’s five-year credit default swaps. For the uninitiated, a credit default swap works like an insurance policy on a borrower’s debt. When the premium on that insurance rises, it means the market sees a higher chance the borrower could struggle to pay. Huang’s remarks, reported by Bloomberg, were aimed squarely at that anxiety. His core argument is that CoreWeave can now borrow more cheaply than before, which matters a great deal for a company whose business model runs on borrowed money. The numbers behind the worry In th...