US EditionNvidia invests $2 billion in CoreWeave to boost data center build-out
Nvidia's $2 billion investment will fund CoreWeave's AI data centers aiming for over 5 gigawatts capacity by 2030, with shares rising 12% after the announcement.
- On Monday, Nvidia invested $2 billion to buy CoreWeave Class A shares at $87.20 per share, expanding their partnership to boost CoreWeave's data-centre build-out ambitions.
- Last year, Nvidia struck a large capacity deal with CoreWeave that deepened their ties, following a $6.3 billion unsold-capacity agreement as CoreWeave shifted from Atlantic Crypto after the 2018 crypto crash.
- CoreWeave shares jumped nearly 10% in premarket trading, trading just above $101 after closing at $92.98 on Friday.
- The transaction nearly doubled Nvidia's stake by adding roughly 23 million shares, moving it to second-largest investor from a prior 6.3% stake of 24.3 million shares.
- The funding will accelerate land and power procurement to build AI-dedicated facilities and help CoreWeave scale to more than 5 gigawatts by 2030 while testing Mission Control for Nvidia's broader ecosystem integration.
46 Articles
46 Articles
Stock Market Today, Jan. 26: CoreWeave Jumps After Nvidia Invests $2 Billion in AI Infrastructure Partnership
CoreWeave (NASDAQ:CRWV), an AI-focused cloud GPU provider, closed Monday at $98.31, up 5.73%. The stock advanced after Nvidia disclosed a $2 billion equity stake and an expanded AI infrastructure partnership.Trading volume reached 48.5 million shares, about 67% above its three-month average of 29 million shares. CoreWeave IPO'd in 2025 and has grown 146% since going public.How the markets moved todayThe S&P 500 (SNPINDEX:^GSPC) added 0.50% to fi…
US lobbying over AI data centers intensifies ahead of midterms
Nvidia is investing $2 billion in cloud computing provider CoreWeave to boost the buildout of data centers, which are set to become a central political focus in the US this year. Some of the country’s largest data center operators plan to boost spending in an attempt to lobby lawmakers and affected communities to back the projects, which have faced heavy resistance over accusations that they drive up energy prices and use too much water. At leas…
Nvidia expands its partnership with CoreWeave, investing 2 billion in AI data centers that will reach 5 gigawatts of capacity by 2030.
Jensen Huang says it's 'ridiculous' to say Nvidia's $2 billion investment in CoreWeave is another circular deal
Nvidia CEO Jensen HuangMarkus Schreiber/APNvidia CEO Jensen Huang pushed back on criticism of the chipmaker's investment structures.Huang said its latest investment in CoreWeave was not a circular deal.Chipmakers' investments in leading tech companies, which are also customers, have raised worries about an AI bubble.Nvidia CEO Jensen Huang is done with the questions about circular financing.Huang called it "ridiculous" to suggest that Nvidia's l…
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