The deal deepens a strategic partnership as CoreWeave targets 5 gigawatts of AI data center capacity by 2030
Nvidia (NVDA) has invested $2 billion in AI infrastructure provider CoreWeave (CRWV), strengthening one of the most important partnerships in the fast-growing market for large-scale AI computing. CoreWeave shares jumped on the announcement, underscoring investor confidence that demand for high-performance AI infrastructure remains strong even as the sector faces rising scrutiny over leverage and spending.
According to the companies, Nvidia purchased CoreWeave Class A common stock at $87.20 per share—below the prior session’s close of $92.98—giving Nvidia an attractive entry point while providing CoreWeave with fresh capital to accelerate expansion. Nvidia CEO Jensen Huang said CoreWeave’s “AI factory expertise, platform software, and unmatched execution velocity” have earned industry recognition, and positioned the partnership as central to meeting “extraordinary demand” for Nvidia-powered AI factories.
The investment is expected to help CoreWeave advance its goal of building 5 gigawatts of AI factory capacity by 2030. Gigawatts have become a key metric in the AI era, reflecting the energy-intensive reality of training and running large models at scale. At 5 gigawatts, CoreWeave’s planned capacity would represent power consumption on the scale of millions of U.S. households, highlighting the massive infrastructure buildout underway across the AI ecosystem.
CoreWeave’s core business is building and renting data centers packed with Nvidia GPUs—hardware that remains the industry standard for model training and high-performance inference. As a “neocloud” provider, CoreWeave has become a critical link between major AI buyers and the compute supply required to support production workloads.
Nvidia’s stake also builds on an already deep relationship. CoreWeave previously disclosed an order worth at least $6.3 billion from Nvidia, including an agreement that obligates Nvidia to purchase residual unsold capacity through April 2032. Since its March Nasdaq debut, CoreWeave has raised substantial debt and equity to finance rapid expansion and meet multi-billion-dollar customer commitments, including deals involving Meta and OpenAI.
While CoreWeave’s aggressive growth strategy has sparked concerns about debt levels, management argues the market opportunity is generational. CEO Mike Intrator recently emphasized that AI will become embedded in nearly everything—and that today’s buildout represents foundational infrastructure being created at an unprecedented pace. With Nvidia’s new $2 billion investment, CoreWeave is now positioned to scale even faster.
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