Overview
- Nvidia agreed on Jan. 26 to buy $2 billion of CoreWeave stock at $87.20 per share as part of an expanded partnership.
- The deal adds to Nvidia’s earlier $6.3 billion commitment to purchase any unsold CoreWeave capacity through April 2032.
- CoreWeave targets more than 5 gigawatts of AI data-center capacity by 2030 using Nvidia systems, including the forthcoming Vera Rubin lineup.
- A CoreWeave spokesperson told Reuters the new capital will fund research and development, workforce growth and other data-center expenses rather than Nvidia hardware.
- CoreWeave reported a nearly $56 billion backlog at the end of Q3 2025, driven by contracts with Microsoft, Meta and OpenAI, and Nvidia says its support will also help with land, power and software capabilities.