CoreWeave (CRWV) Stock Soars Amidst CEO's Strong Rebuttal on Financing Allegations
CoreWeave Inc. (CRWV) shares surged following CEO Michael Intrator's dismissal of circular financing claims related to Nvidia's investment. Intrator clarified the company's robust capital structure and debt management, emphasizing its strong contracts with major clients like Microsoft and Meta Platforms. The stock's rise is also supported by a positive broader market trend in the tech sector, despite some long-term weaknesses indicated by its moving averages.