Overview

• Nvidia will purchase any CoreWeave server capacity left unused through April 13, 2032, according to an SEC filing.
• The $6.3 billion order amends the companies’ April 2023 services agreement to guarantee utilization of CoreWeave’s resources.
• Either company can exit if the other breaches terms or faces bankruptcy, providing contractual protections on both sides.
• CoreWeave shares rose about 5% in early U.S. trading following the disclosure of the long-term purchase commitment.
• Nvidia already owns 24.3 million CoreWeave shares valued at about $3.96 billion at the end of the second quarter, deepening the firms’ alignment.