CoreWeave CEO Drops Strong Verdict on Nvidia Amid Controversy Moz Farooque ACCA Wed, November 11, 2026 at 12:42 PM EST 2 min read NVDA +4.41% CRWV +25.69% MSFT -2.25% OPAI.PVT 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.
CoreWeave (NASDAQ:CRWV) CEO Michael Intrator is standing firmly behind Nvidia (NASDAQ:NVDA), dismissing concerns that controversy surrounding the chipmaker could disrupt their multibillion-dollar partnership. His reassurance comes as CoreWeave reports explosive AI infrastructure growth, although mounting debt and its dependence on Nvidia remain important risks for shareholders.
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CoreWeave operates specialized cloud data centers powered by Nvidia graphics processors. It generates revenue by renting AI computing capacity to major customers, including Microsoft and OpenAI, which use its infrastructure to develop and deploy artificial intelligence models.
Speaking to Bloomberg following CoreWeave's third-quarter results, Intrator reaffirmed Nvidia's importance to the business.
Nvidia is an unbelievably important technology company, Intrator said, describing the chipmaker as a wonderful partner.
His comments follow allegations involving Nvidia CEO Jensen Huang and a related board investigation. Intrator declined to discuss Nvidia's internal affairs.
The relationship extends considerably beyond purchasing chips.
Nvidia holds approximately 12.8% of CoreWeave and invested another $2 billion in January at $87.20 per share.
The companies also plan to develop more than five gigawatts of AI data center capacity by 2030.
Meanwhile, CoreWeave reported third-quarter revenue of $3.66 billion, up 168% annually and ahead of Wall Street's $3.54 billion estimate.
Its contracted revenue backlog climbed to $132.5 billion, reinforcing expectations for substantial future growth.
However, CoreWeave's $46.9 billion debt burden underscores the financing risks accompanying that expansion.
For CoreWeave shareholders, Nvidia's continued technological and financial support remains critical to executing its ambitious growth plans.
Investors should monitor AI infrastructure deployments, financing costs and progress converting the company's enormous backlog into revenue.
CoreWeave now expects 2026 revenue of $13 billion to $13.3 billion, alongside $37 billion to $39 billion in capital expenditures.
Management also projects fourth-quarter interest expenses of $1.05 billion to $1.15 billion.
Sustained Nvidia cooperation and stronger operating cash flow could reinforce confidence.
However, leadership uncertainty at Nvidia, financing pressure or infrastructure delays could complicate CoreWeave's expansion despite robust AI demand.
