From October 20 to 22 by the Huangpu River in Shanghai, the 2026 Sustainable Global Leaders Conference will return once again. Nobel Prize and Turing Award winners will take the stage to discuss the future and trends of technology, and the internet-famous professors who "rescue" people from anxiety and involution-era pressures, Macfarlane and Xiang Biao, will hold a live dialogue!
Limited spots available, first come first served. Let us go together to the appointment with sustainability! [Click to register] CoreWeave, Inc. (CRWV), an important partner of NVIDIA (NVDA) and an AI company once highly sought after by the market but whose stock price has since slumped, will have its recent situation discussed publicly by NVIDIA Chief Executive Officer Jensen Huang when he considers the timing appropriate.
Veteran technology analyst Tal Liani said on a program Thursday: "Do not forget that NVIDIA has essentially been funding various partnerships between CoreWeave and other hyperscale cloud providers, with the goal of blocking competitors. NVIDIA wants to ensure that companies such as CoreWeave choose NVIDIA GPUs rather than AMD GPUs." Shortly before these remarks, he had just published a bullish research report on CoreWeave.
Liani added: "In the final analysis, both sides have a two-way vested interest. I am sure that everyone with a vested interest in the data center construction wave will come out with reassuring comments explaining the authenticity and sustainability of AI demand, and Jensen Huang will be no exception, it is just a matter of sooner or later."
Extended reading: Why the stock price panic in CoreWeave will affect NVIDIA
After plunging 15% on Wednesday, CoreWeave fell another 7% in early trading Thursday. Market concerns that the AI industry boom is cooling are hitting the company's already fragile balance sheet, and corporate bonds of different maturities continue to be sold off. The wave of selling spread to other AI cloud concept stocks: Nebius (NBIS) fell 11%, Oracle (ORCL) fell 9%; DigitalOcean (DOCN), Hut 8 (HUT), Cipher (CIFR), TeraWulf (WULF), and IREN (IREN) all dropped more than 10%.
Concerns about CoreWeave's operating condition continued to heat up in the market this week, but interestingly, Jensen Huang has so far made no public comment on it, whether on the X platform or in interviews. In January this year, NVIDIA announced it would deepen its partnership with CoreWeave. The cooperation includes NVIDIA investing $2 billion in CoreWeave; CoreWeave committed to using NVIDIA technology to build data centers with more than 5 gigawatts of computing power by 2030. NVIDIA currently holds 47.2 million shares of CoreWeave, about a 10% stake.
At the same time, CoreWeave is also a major customer of NVIDIA. CoreWeave purchases GPUs from NVIDIA and then rents out computing power to various customers, including hyperscale technology companies such as Meta.
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