Nvidia Invests $2 Billion in CoreWeave as AI Data Center Buildout Accelerates
Nvidia has invested $2 billion in CoreWeave, deepening a long-standing partnership as the AI cloud provider pushes ahead with plans to build more than 5 gigawatts of data center capacity.
The investment, disclosed in a joint statement on Monday, was made through the purchase of CoreWeave Class A common stock at $87.20 per share. CoreWeave shares rose about 10% in U.S. pre-market trading following the announcement.
The transaction comes as CoreWeave accelerates its expansion as a specialized cloud operator focused on large-scale AI workloads. The company said it aims to develop and operate more than 5 GW of so-called “AI factories” by 2030, reflecting the rapid growth in demand for compute capacity from model training, fine-tuning and inference.
Under the expanded relationship, CoreWeave plans to build new data centers using Nvidia’s accelerated computing platforms, while also working more closely with the chipmaker on software and system design. Nvidia said it will support CoreWeave’s efforts to secure land, power infrastructure and shell capacity, areas that have increasingly become bottlenecks for AI data center development.
The two companies also said they will collaborate on testing and validating CoreWeave’s AI-native software stack, including its SUNK and Mission Control platforms, with the aim of improving interoperability with Nvidia’s reference architectures for cloud and enterprise customers. CoreWeave is also expected to deploy multiple generations of Nvidia hardware across its platform, including future architectures such as Rubin, Vera CPUs and BlueField networking and storage systems.
Nvidia has been a core supplier to CoreWeave since the cloud provider’s early days, as CoreWeave built its business around offering on-demand access to Nvidia GPUs for AI developers and enterprises. The new equity investment formalizes that relationship at a time when competition among AI infrastructure providers is intensifying and capital requirements are rising sharply.
The announcement adds to a wave of large, strategic investments flowing into AI-focused data center operators, as chipmakers, hyperscalers and financial investors position themselves for what Nvidia has described as a once-in-a-generation infrastructure buildout driven by artificial intelligence.
