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Analyst: NVIDIA Faces Dilemma of Another CoreWeave Bailout After Stock Plunges Over 15% on Wednesday
Renowned financial analyst Quoth the Raven (QTR) stated in a ZeroHedge column that data center operator CoreWeave's stock price plummeted over 15% on Wednesday due to hotter-than-expected inflation data and rising US Treasury yields, marking its third-largest single-day drop and bringing it close to an all-time low. As CoreWeave's stock price comes under pressure and its access to financing tightens, NVIDIA faces a difficult choice: intervene again to rescue it, or watch its highly chip-dependent cloud computing client fall into a liquidity crisis. NVIDIA had previously participated in CoreWeave's downsized IPO with a $250 million subscription order and subsequently added billions of dollars in further investments, deeply tying its own fate to that of the company.
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