CoreWeave contracts are strong, but financial status is unstable
CRWV CoreWeave Inc
$62.13 +1.65%
View chart & analysis → - 1CoreWeave's stock price fell by more than 20% last week.
- 2Based on the recent quarterly report, CoreWeave's total debt is approximately $35.6 billion.
- 3Nvidia agreed to purchase unsold capacity up to $6.3 billion by 2032.
So what's the key point?
CoreWeave's stock price dropped by more than 20 percent. Although Nvidia promised to buy remaining capacity later, the company's $35.6 billion debt is a cause for concern.
Source The Motley Fool +1 · View original ↗
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