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CRWV Stock Beats Industry Returns in a Year: Buy, Hold or Fold in 2026?
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CoreWeave CEO Calls Nvidia Circular Financing Claims 'Ridiculous,' Says Stake Too Small To Prop Up $42 Billion Company
CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator has forcefully rejected allegations that his company is engaged in “circular financing” with Nvidia Corp.(NASDAQ:NVDA), describing the narrative as “ridiculous” and mathematically unsound.
In a recent appearance on the Big Technology Podcast, Intrator argued that Nvidia's minority stake in the specialized cloud provider is “de minimis” compared to CoreWeave’s massive capital scale, dismissing the concerns as a distraction akin to a “fly on the b*** of the elephant.”
The controversy centers on claims that Nvidia invested in CoreWeave to artificially boost demand for its own chips—effectively paying CoreWeave to buy its products. Intrator dismantled this theory by highlighting the sheer scale of CoreWeave's operations versus Nvidia’s investment.
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