Nvidia Invests $2 Billion in CoreWeave to Accelerate AI Data Center Expansion

Nvidia has committed $2 billion to acquire Class A shares of CoreWeave at $87.20 per share, a discount to the company's Friday closing price of $92.98. The investment provides CoreWeave with capital to fast-track its ambitious plan to develop 5 gigawatts of AI data center capacity by 2030—equivalent to powering 4 million U.S. homes annually.

CoreWeave CEO Mike Intrator emphasized the deal's strategic value, noting it enables accelerated infrastructure development while reducing client concentration risk. The company specializes in GPU-packed data centers optimized for AI workloads, positioning it as a leader in the emerging 'neocloud' sector.

Nvidia CEO Jensen Huang framed the investment as a down payment on much larger infrastructure needs, stating the $2 billion represents 'a small percentage' of required funding. The partnership underscores the massive capital requirements for supporting next-generation AI compute demands.