Overview
- Nvidia bought CoreWeave Class A shares at $87.20 apiece, taking a $2 billion stake to deepen their AI infrastructure partnership.
- CoreWeave will be an early deployer of Nvidia’s forthcoming Rubin platform, Vera CPUs, and BlueField systems as the companies target more than 5 gigawatts of AI capacity by decade’s end.
- Under the expanded collaboration, Nvidia will help secure land, power, and facilities and will test CoreWeave’s AI‑native software, including Mission Control and SUNK, for inclusion in Nvidia reference architectures.
- Nvidia and CoreWeave already have a previously disclosed agreement for at least $6.3 billion of services, including an obligation to purchase residual unsold capacity through April 2032.
- CoreWeave shares rose roughly 9%–12% after the announcement, as the deal strengthens its finances despite sizable debt and prompts renewed questions about supplier‑customer “circular” financing.