CoreWeave's not-so-secret weapons: Price hikes and an Nvidia trump card coreweave Emerson Smith Fri, October 16, 2026 at 7:30 PM EDT 2 min read CRWV -11.91% NVDA -1.43% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Over the past week, neoclouds came under immense pressure driven by CoreWeave's bond selloff. But the panic over CoreWeave will most likely prove premature: Neoclouds are well positioned to increase prices through at least 2028, and Nvidia's support can calm investors in CoreWeave and potentially other neoclouds.
Rising prices signal demand remains strong. They also mean that CoreWeave and other cloud operators can increase cash flows, especially as contracts renew.
A GPU supply-and-demand imbalance began last year and persisted through 2026. On its Q1 earnings call, CoreWeave CEO Michael Intrator said that "demand is accelerating across the board. Average pricing for the A100s, H100s, H200s, and L40s all increased quarter over quarter, and we remain largely sold out for near-term capacity across our fleet." CoreWeave also shared in a September release that its new compute contracts are priced higher than before.
Similarly, Nebius called out higher pricing in Q2 and in Q3 they revealed deals with large customers whose upfront payments covered 50% to 60% of related capex, a rich source of capital.
Another reason to believe in CoreWeave is the special relationship it's formed with AI kingmaker Nvidia. CoreWeave is among the first cloud providers to offer Nvidia's next-gen Vera Rubin platform, which succeeds the Blackwell platform. Vera Rubin consists of a new GPU architecture, Nvidia's CPU, networking and more. Nvidia wants this program to go well.
Nvidia also signaled it is evaluating CoreWeave's software as a reference architecture, meaning Nvidia wants to incorporate parts of CoreWeave's proprietary software into the infrastructure designs it recommends to customers, which would further intertwine the two parties.
So far, Jensen Huang's public statements have been supportive, but mild. On Thursday, Huang said "CoreWeave's strength is improving every day," adding, "I'm optimistic. Their cost of capital is actually decreasing," Bloomberg reported. CoreWeave shares rebounded following his comments, but continued to trade down on Friday. On the BG2 podcast released Thursday, Huang said Nvidia is keen to support neoclouds as part of its expansion, specifically naming CoreWeave.
History may be an indicator of what's to come. Following a prior CoreWeave stock selloff in late 2025, Nvidia, now a significant shareholder in the company, invested around $2 billion—calming investors and spurring a rise in CoreWeave's stock.
We believe that CoreWeave has the ability to calm investors by increasing prices, slowing deliveries and improving its leverage metrics. It would grow more slowly but would protect itself from future bond and stock selloffs and, in doing so, signal strength to customers.
By Friday afternoon, CoreWeave's stock had declined to around $61 per share, down over 10% from Thursday's close, and down from $82.08 at the prior week's close. Its bond prices fell and yields rose from Thursday afternoon to Friday morning.
This article originally appeared on PitchBook News
