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CoreWeave, Nvidia Sign US$6.3 Billion Cloud Computing Capacity Order

Nvidia's commitment to buy all unsold cloud capacity until 2032 secures CoreWeave's financial stability amid growing AI demand, analysts say.

  • CoreWeave announced a $6.3 billion agreement with Nvidia on Monday, obliging Nvidia to buy any unused cloud capacity through April 13, 2032.
  • The deal builds on CoreWeave's reliance on Nvidia GPUs and an earlier April 2023 contract, addressing demand fluctuations in AI computing capacity.
  • Founded in 2017 and having gone public in March, CoreWeave generated $1.21 billion in revenue during the second quarter but posted a net loss of $290.5 million as its rapid expansion drove up expenses.
  • Nvidia owned 24.3 million CoreWeave shares worth about $3.96 billion at Q2's end, while CoreWeave's stock surged 8% on the new deal amid short-selling reports questioning its valuation.
  • The agreement secures CoreWeave's revenue base and ensures Nvidia's access to vital GPU resources amid strong AI demand, reducing CoreWeave's risk of idle capacity.
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Benzinga broke the news in New York, United States on Monday, September 15, 2025.
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