NVIDIA ($NVDA) said it has invested $2 billion in CoreWeave ($CRWV), purchasing Class A common stock at $87.20 per share, as the companies deepen their partnership to expand large-scale artificial intelligence computing capacity.
- The investment values CoreWeave shares at $87.20 and pushed the stock up about 9% in premarket trading.
- CoreWeave plans to add more than 5 gigawatts of AI computing capacity by 2030, supported by Nvidia hardware.
- Nvidia previously agreed to purchase more than $6 billion in services from CoreWeave through 2032.
- As part of the collaboration, CoreWeave will be among the first customers to deploy Nvidia’s upcoming products, including storage systems and a new standalone CPU.
- The CPU, branded “Vera,” marks Nvidia’s first standalone CPU offering for data centers.
- Nvidia’s shares were down less than 1% following the announcement.
Relevant Companies
- NVIDIA ($NVDA) – Expands strategic investments to support AI infrastructure growth and deploy new data center products.
- CoreWeave ($CRWV) – Receives significant equity funding to finance large-scale AI data center expansion.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
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