Key Facts
- ✓ Nvidia is acquiring $2 billion worth of CoreWeave stock at a purchase price of $87.20 per share.
- ✓ The two companies announced a partnership to build 'AI factories' together, aiming to accelerate infrastructure development.
- ✓ The collaboration targets 5 gigawatts of AI infrastructure capacity by 2030, a massive expansion of computing power.
- ✓ CoreWeave's share price increased nearly 10% in premarket trading following the investment announcement.
- ✓ This expands a multi-year relationship that began with a $100 million investment in 2023 and continued through CoreWeave's 2025 IPO.
- ✓ Nvidia serves as both an investor in CoreWeave and a supplier of its GPUs, creating a closely integrated business dynamic.
Quick Summary
Nvidia is deepening its financial ties with cloud provider CoreWeave through a significant new investment. The chip giant is acquiring $2 billion worth of CoreWeave's stock, marking the latest chapter in a partnership that has grown increasingly intertwined.
The deal, announced Monday, is more than just a capital infusion. It represents a strategic expansion of the two companies' collaboration to build critical AI infrastructure at a massive scale. Together, they are setting ambitious targets to power the next generation of artificial intelligence applications.
The $2 Billion Deal
Nvidia is making a substantial financial commitment to CoreWeave, purchasing shares at a specific price point. The investment was executed at a purchase price of $87.20 per share, reflecting a valuation that the market has already begun to react to positively.
Following the announcement, CoreWeave's share price saw a notable increase in premarket trading, rising nearly 10%. This immediate market response suggests investor confidence in the strengthened alliance between the two tech firms.
- Investment amount: $2 billion
- Purchase price per share: $87.20
- Premarket share increase: Nearly 10%
"From the very beginning, our collaboration has been guided by a simple conviction: AI succeeds when software, infrastructure, and operations are designed together."
— Michael Intrator, Co-founder, Chairman, and CEO of CoreWeave
Building AI Factories
The core of the partnership is a joint effort to construct what the companies are calling "AI factories"—large-scale facilities designed to produce and deploy artificial intelligence. This infrastructure is essential for training and running the complex models that power modern AI services.
The collaboration has a clear and ambitious goal: to help CoreWeave accelerate its buildout of AI infrastructure to reach 5 gigawatts of capacity by 2030. This represents a massive expansion of computing power, positioning CoreWeave as a major player in the cloud AI market.
From the very beginning, our collaboration has been guided by a simple conviction: AI succeeds when software, infrastructure, and operations are designed together.
This statement from CoreWeave's leadership underscores the strategic philosophy behind the partnership. It highlights a belief that integrated systems are superior to siloed approaches in the rapidly evolving AI landscape.
A Deepening Partnership
This investment is not an isolated event but part of a multi-year relationship between Nvidia and CoreWeave. The two companies have been connected for several years, with Nvidia serving as both an investor and a key supplier to the cloud provider.
The history of their financial ties includes:
- An initial investment of approximately $100 million in 2023
- Additional share acquisitions around the time of CoreWeave's IPO in March 2025
- The current $2 billion stock purchase
Beyond equity, Nvidia also sells its high-performance chips directly to CoreWeave. This dual role as both investor and supplier creates a closed-loop dynamic that has drawn attention from industry analysts concerned with circular business models in the AI sector.
Industry Context & Impact
CoreWeave's business model is centered on building data centers packed with graphics processing units (GPUs), the specialized hardware that has become the backbone of AI development. As a major customer of Nvidia, CoreWeave's growth directly fuels demand for Nvidia's products.
The expanded partnership solidifies this symbiotic relationship. By providing capital to build more data centers, Nvidia ensures a robust market for its GPUs. This arrangement, while strategically sound for both companies, contributes to broader discussions about market concentration and the interdependence of major AI players.
The move signals Nvidia's confidence in CoreWeave's ability to execute on its large-scale infrastructure plans. It also demonstrates Nvidia's strategy of using its financial strength to secure capacity and partnerships in the cloud computing space.
Looking Ahead
The $2 billion investment sets the stage for a significant expansion of AI infrastructure over the next several years. The joint goal of reaching 5 gigawatts of capacity by 2030 will require substantial capital deployment and technical execution from both companies.
As the race to build AI infrastructure intensifies, this partnership provides CoreWeave with both the financial backing and the technological access needed to compete at scale. For Nvidia, it represents a strategic investment in a key customer and partner, further embedding its technology into the foundation of the AI economy.
