Report
Nvidia CEO Jensen Huang says CoreWeave is improving as debt-insurance costs hit an intraday record
Quartz, citing Bloomberg, says swap prices implied better than 60% odds of CoreWeave defaulting within five years.
TLDR
Quartz reports that Nvidia CEO Jensen Huang told Bloomberg on October 15 that CoreWeave was getting stronger and its cost of capital was decreasing. Quartz, citing Bloomberg, says the cost of insuring CoreWeave’s five-year debt reached an intraday record of 1,194.5 basis points that week. Credit-default swap pricing implied traders assigned better than 60% odds of default within five years. CoreWeave shares rose 5.9% on October 15.
Combined views
571
2 Sources, first seen ago
