CoreWeave (CRWV) shares surged 6.55% to close at $101.23 after CEO Michael Intrator strongly dismissed 'ridiculous' circular financing claims involving Nvidia, emphasizing the company's strong foundation built on structured debt and a $25B capital base.
- The stock has seen a weekly surge of approximately 25% following confidence in sustained AI demand and the deployment of the Nvidia Rubin platform.
- Positive market sentiment was further boosted by TSMC's strong earnings report and capital expenditure lift, benefiting AI supply chain peers like CoreWeave.
- CRWV continued to climb slightly in after-hours trading, reaching $101.50 (+0.27%).