CoreWeave Shares Surge on $6.3B Nvidia Deal with Backstop Provision

CoreWeave's stock soared after announcing a $6.3 billion initial order with Nvidia, featuring an unprecedented backstop agreement. The AI infrastructure provider secured a commitment for Nvidia to purchase any unsold cloud-computing capacity through 2032, effectively de-risking its expansion plans. This structural advantage caught Wall Street's attention, with Deutsche Bank simultaneously adding CoreWeave to its Catalyst Call Buy Idea List.

The deal, filed with the SEC on September 9, deepens the symbiotic relationship between the companies. Nvidia serves as both customer and supplier to CoreWeave while maintaining an equity stake. The cloud platform's client roster reads like a who's who of tech giants, including Microsoft, OpenAI, and Meta Platforms—a testament to its positioning in the AI infrastructure Gold rush.