NVIDIA and CoreWeave, Inc. announced today a $2 billion investment to help CoreWeave accelerate the development of more than 5 gigawatts of AI factories by 2030, supporting the broader adoption of AI worldwide.
Nvidia purchased CoreWeave Class A common stock at $87.20 per share, a discount from Friday’s closing price of $92.98.
In a joint statement from the companies, Jensen Huang, founder and CEO of NVIDIA told investors: “AI is entering its next frontier and driving the largest infrastructure buildout in human history. CoreWeave’s deep AI factory expertise, platform software, and unmatched execution velocity are recognized across the industry. Together, we’re racing to meet extraordinary demand for NVIDIA AI factories—the foundation of the AI industrial revolution.”
Michael Intrator, co-founder, chairman, and CEO, CoreWeave, said, “From the very beginning, our collaboration has been guided by a simple conviction: AI succeeds when software, infrastructure, and operations are designed together. NVIDIA is the leading and most requested computing platform at every phase of AI – from pre-training to post-training – and Blackwell provides the lowest cost architecture for inference. This expanded collaboration underscores the strength of demand we are seeing across our customer base and the broader market signals as AI systems move into large-scale production.”
In a September filing with the U.S. Securities and Exchange Commission, CoreWeave announced a deal with Nvidia valued at a minimum of $6.3 billion. Under the agreement, Nvidia is required to purchase the remaining unsold capacity through April 2032.
CoreWeave shares rose 10% in premarket trading following the announcement.
By CEO NA Editorial Staff
