CoreWeave Lands $6.3B Nvidia Deal

Benzinga

CoreWeave shares jumped after Nvidia agreed to buy unused cloud capacity through 2032 in a deal worth $6.3 billion. The stock surged nearly 9% on the news, but hedge fund Carradale Capital sees major risk. Their short report warns CoreWeave is a debt-heavy GPU renter with no moat, valuing it at just $10 a share.

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00:00CoreWeave just signed a $6.3 billion deal with NVIDIA, but one hedge fund says the stock could

00:06crash 90%. CoreWeave shares jumped 9% in pre-market after NVIDIA agreed to buy any

00:11unused cloud capacity through 2032. That's huge, but not everybody's celebrating.

00:17Karasdale Capital just dropped a short report calling CoreWeave a debt-fueled GPU rental

00:23business with no moat. They argue the company relies on expensive debt, a few big customers,

00:29and has no defensible tech, and say fair value is just $10 a share. CoreWeave ended the day up nearly

00:368% at $120, but if Karasdale's right, that's a dangerous setup. Would you buy or short CoreWeave

00:43here? Drop your take and follow Benzinga for more real-time market updates.

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