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00:03CoreWeave Inc. shares pulled back Tuesday after gains a day earlier as CEO Michael Intratore
00:08pushed back against claims of circular financing tied to NVIDIA's minority stake, according to
00:13Benzinga. Intratore called the narrative surrounding NVIDIA's $300 million investment
00:19ridiculous, noting it represents a small portion of CoreWeave's more than $25 billion in total
00:26capital. He defended the company's use of debt in special-purpose vehicles, saying revenue
00:31from investment-grade contracts covers operating costs before profits are released.
00:35Intratore described the scrutiny of the NVIDIA relationship as a distraction.
00:40Shares remained above the 20-day moving average, but below the 100-day average.
00:45The stock gained 118% over the past year and traded near its 52-week highs.
00:51For all things money, visit Benzinga.com.
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