CoreWeave's $4 billion debt plan faces an Nvidia-sized risk Faizan Farooque Thu, November 12, 2026 at 6:16 AM EST 1 min read CRWV -7.29% NVDA -7.34% 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 Inc. (CRWV, Financials) plummeted over 7% in overnight trade , giving back some of its roughly 25% rise as concerns over Nvidia CEO Jensen Huang rattled investors.The slide came after news that Nvidia's board was reviewing Huang's future over claims about his personal ties.CoreWeave relies on Nvidia for powerful processors, financial support and long-term computing contracts.The firm is owned around 10 percent by Nvidia, which also invested additional $2 billion in January to help it expand its data centers.The chip maker also committed to buy idle computer capacity through April 2032, giving CoreWeave with revenue protection while it builds additional data centers.A change in leadership wouldn't immediately alter existing contracts, but investors worry future agreements may be rethought.According to a CoreWeave report, CoreWeave posted third-quarter sales of $3.66 billion, up 168% over a year before.Its contract backlog swelled to $132.5 billion and management increased its 2026 revenue outlook to a range of $13 billion to $13.3 billion.Our relationship with Nvidia is bigger than just Jensen personally, remarked CEO Michael Intrator.Wall Street has a Moderate Buy consensus rating on the stock with an average price target of $107.96.As CoreWeave's funding plans and leadership moves at Nvidia unfold, investors will be watching for signals of changes to their collaboration.
