Overview

• An SEC filing shows an amended pact signed Sept. 9 that obligates Nvidia to purchase any residual unsold CoreWeave capacity through April 13, 2032, with an initial order valued at $6.3 billion.
• The filing notes either company can exit if the other breaches terms or enters bankruptcy, and CoreWeave plans to publish the full agreement with its third-quarter results.
• CoreWeave shares rose about 5%–8% Monday on the news, leaving the company valued above $58 billion after a strong post-IPO run, according to market data.
• Barclays characterized the amendment as a utilization backstop and a sign Nvidia is diversifying incremental spend; Nvidia supplies CoreWeave’s GPUs and holds 24.3 million of its shares, while CoreWeave’s contracts include a five-year $11.9 billion OpenAI deal plus up to $4 billion through April 2029.
• Rapid growth remains under scrutiny as CoreWeave reported Q2 revenue of $1.21 billion alongside a $290.5 million net loss and $1.19 billion in operating expenses, while short seller Kerrisdale Capital issued a bearish report calling for steep downside.