Coreweave Stock Surges 9% on Nvidia’s $2 Billion AI Infrastructure Bet
Coreweave shares jumped 9% in pre-market trading following Nvidia's $2 billion investment through a Class A share purchase. The deal, priced at $87.20 per share, propelled the stock above $101—surpassing Friday's close of $92.98.
The capital infusion accelerates Coreweave's plan to build over 5 gigawatts of AI-optimized data centers by 2030. Nvidia CEO Jensen Huang highlighted Coreweave's "unmatched execution velocity" in AI infrastructure deployment as key to the partnership.
This transaction deepens the firms' collaboration on hardware-software integration for next-generation computing workloads. Market observers view the MOVE as validation of AI infrastructure's growing centrality in tech investment strategies.