Nvidia has invested $2 billion in cloud provider CoreWeave, acquiring shares at $87.20 each. This transaction makes Nvidia the second-largest shareholder in the company. The deal builds on a prior agreement where Nvidia committed to purchasing up to $6.3 billion in data center capacity through 2032.
The partnership aims to develop over 5 gigawatts of AI data center capacity by 2030. Nvidia will assist CoreWeave with land and power procurement and support the marketing of its software solutions. In return, CoreWeave receives early access to Nvidia hardware, including Rubin architecture, Vera CPUs, and Bluefield storage systems.
CoreWeave reported Q2 2026 revenue of $2.58 billion, marking a 112% year-over-year increase, with a backlog of $104 billion. Its client list features OpenAI, Meta, and Microsoft. Following the announcement on January 26, CoreWeave shares rose 9–12%, while Nvidia shares gained less than 1%.
Founded in 2017 and led by CEO Michael Intrator, CoreWeave went public in March 2025. The company relies heavily on debt financing to fund its infrastructure expansion. Nvidia CEO Jensen Huang noted that such partnerships help address AI infrastructure bottlenecks by ensuring new capacity is equipped with Nvidia hardware.
