CoreWeave CEO says Nvidia partnership faces "no reason" to change

As seen on the 24/7 Wall St. homepage on November 11, 2026.

Intrator is directly answering the bear case that CoreWeave's chip access and Nvidia backing get diluted as Nvidia spreads capacity across IREN, SK and other partners.

CoreWeave $CRWV CEO Michael Intrator says he sees "no reason" the company's partnership with Nvidia will change. https://t.co/KT6mlSCZKu

Replies10
Reposts10
Likes181

Continue ReadingShow less

CoreWeave's privileged access to Nvidia GPU supply is not loosening: CEO Michael Intrator says there is "no reason" for the partnership terms to change.

The bear case held that Nvidia's widening circle of partners would soften CoreWeave's early-mover advantage in chip access and narrow its moat.

Sources

Mentioned: CRWV, NVDA

Related Market Updates

PODCAST Marketplace Morning Report David Brancaccio · 7 min

8:05am ET

What the new Congress can do about affordability

Anthropic's IPO priced at $70-$78 a share, valuing it near $1.3 trillion, reviving optimism in the AI trade
CoreWeave topped expectations and guided to a substantial revenue uptick after its debt-driven selloff
OpenAI still running a nearly $11 billion operating loss, far worse than rival Anthropic
Nvidia shares fell this week over reported ties between Jensen Huang and a suspected Chinese spy

Anthropic's $1.3 trillion pricing and CoreWeave's beat are lifting the AI complex while Nvidia sells off on headline risk tied to its CEO. For holders, the chipmaker no longer tracks AI enthusiasm the way it once did.

Jim Cramer @jimcramer

7:09am ET

Cramer's read: the first downgrades are arriving, and the bottom only comes once the rest of the street follows, so anyone buying the AI-chip dip now is early.

Nvidia can only bottom when the majority of analysts cut and run.. We are getting the early birds out of the cage

Replies126
Reposts32
Likes522

PODCAST Bloomberg Businessweek Carol Massar · 37 min

Nov 10, 6:46pm ET

Anthropic Targets $1.4 Trillion Valuation in Blockbuster IPO

Anthropic's deal: up to $90.4B raised, $70-$78 range, Nvidia in for a $10B private placement
Retail expected to take 15-20% of the deal; Dario Amodei and Jamie Dimon to headline an IPO livestream
Deutsche Bank's Matt Luzzetti now sees three more 25bp Fed hikes after hot CPI
WEX CEO: fuel prices up 43% year over year, AI-driven fraud attempts up 12x since 2022

Nvidia is writing a $10 billion check into the first frontier AI lab to go public while its own board hires outside counsel for a probe, and JPMorgan is fronting the roadshow stage. Deutsche Bank is now calling for hikes in December, January and March, which is the opposite of what this IPO's pricing assumes.

PODCAST The Pomp Podcast Anthony Pompliano · 47 min

Nov 10, 4:30pm ET

Is Jensen Huang Finished At Nvidia? | Dan Ives

Ives puts 15% odds on Jensen Huang exiting as CEO, and sees a 25-30% drop in the stock if it happens
Chips to China are 'done' as both parties unite on an anti-China tech stance after the midterms
AI demand-to-supply still 4-to-1 with 75% of data centers permitted; Anthropic's IPO value halved to $1T
CoreWeave called 'essentially an SPV for Nvidia'; Palantir and Tesla's Optimus framed as the durable bets

One person's job carries roughly a quarter of Nvidia's value, and the board review and congressional hearings are still ahead. Ives stays bullish on the AI trade itself, pointing at permitted capacity and a 4-to-1 demand-to-supply gap, while flagging CoreWeave's capital structure as the fragile link.

CRWV CoreWeave

Q3 2026

Nov 10, 4:05pm ET

EPS

-$1.27

est -$1.55 +18.2%

Revenue

$3.66B

est $3.54B +3.4%

Management raised full-year 2026 guidance to $13.0 to $13.3 billion, the number that decides whether the buildout pays off. After a 42% slide, this earnings report is the catalyst holders have been waiting on.

Earnings · 2026 Q3 Michael N Intrator CEO and President, CoreWeave, Inc.

Nov 10, 4:05pm ET

Our growth is supported by multiple sources of funding, including financing backed by customer contracts, operating cash flow, and approximately $9 billion in customer prepayments and deposits expected in the next three months alone.

Intrator is answering the question hanging over every neocloud: who pays for the buildout. Customers fronting cash before the GPUs are even delivered is a funding source that does not show up as debt, and it lands with CoreWeave's market cap at $22.4 billion after a brutal stretch for the stock.

Earnings · 2026 Q3 Michael N Intrator CEO and President, CoreWeave, Inc.

Nov 10, 4:05pm ET

This was a breakout quarter for CoreWeave, with revenue increasing by more than $1 billion sequentially and adjusted operating margins reaching double digits a quarter ahead of plan.

Profitability arrived a quarter early, which is the part shareholders sitting on a 42% drawdown have been waiting for. Intrator's Q3 framing puts the scaling debate back on CoreWeave's terms heading into the call.

PODCAST Halftime Report Scott Wapner · 46 min

Nov 10, 1:43pm ET

NVIDIA Fallout, Anthropic IPO and Hot CPI Hit Markets

Panel calls Nvidia's slide quant-driven, not fundamental, with analyst targets barely moving and Microsoft retaking the market cap lead
Josh Brown: AI isn't one trade, pointing to Amazon up 17% year to date against Nvidia's decline
Anthropic marketing its IPO at $70-$78 for a $1.4T valuation, oversubscribed, with AMD, Nvidia and Microsoft in the placements
Claude's new Sheets, Whiteboards and Meetings tools knocked Microsoft and other software names lower on the spot

Anthropic going public at a $1.4 trillion target while shipping office software makes Microsoft both an investor in and a target of its own holding. Nvidia is in buyback blackout until its November earnings report, so it cannot defend itself as hot CPI lifts the two-year yield.

Exec Sum @exec_sum

Nov 10, 8:57am ET

A scandal narrative now attaches to $7.5 billion of China shipments while the Justice Department runs a chip probe and lawmakers push new export controls, putting Nvidia's China access squarely in play.

REPORT: Nvidia CEO’s affair with an alleged Chinese spy aided $7.5 billion in chip shipments to China

Replies0
Reposts0
Likes3

Polymarket @polymarket

Nov 10, 8:52am ET

Losing a spot on Bank of America's top picks list strips away one of the loudest sell-side endorsements behind the AI chip trade, and sentiment shifts like this tend to move the whole semiconductor complex.

JUST IN: Bank of America removes Nvidia from its prestigious list of top stock picks.

Replies22
Reposts14
Likes53

Biggest movers · At the close Nov 9, 4:10pm ET

Gainers

MPWRMonolithic Power Systems$1,388.92+16.7%
TTDTrade Desk$15.04+16.3%
COHRCoherent$223.85+16.1%
ALABAstera Labs$216.5+13.5%
AMDAMD$509.22+13.4%

Losers

ASANAsana$10.05-5.2%
IQiQIYI$0.91-5.0%
NVDANVIDIA$178.81-4.2%
BABAAlibaba$105.32-3.8%
TTWOTake-Two Interactive$207.2-3.6%

Chips split hard at Monday's close: four names finished up double digits, led by Monolithic Power at 16.67%, while NVIDIA slipped 4.20% to $178.81. A 21-point spread between AMD and NVIDIA in one session is rare for two stocks that usually trade together.