Nvidia Invests $2 Billion to Expand CoreWeave's AI Compute Capacity

Nvidia announced a $2 billion investment in CoreWeave on Monday, aiming to accelerate the data center company's plan to deploy over 5 gigawatts of AI computing capacity by 2030.

The chipmaker, already a CoreWeave investor, purchased the company's Class A shares at $87.20 per share. As part of the agreement, the two companies will collaborate to construct "AI factories"—specialized data centers powered by Nvidia's technology.

CoreWeave will also integrate Nvidia's full suite of products across its platform. This includes the upcoming Rubin chip architecture, slated to succeed the current Blackwell design, Bluefield storage systems, and Nvidia's new Vera CPU line.

This investment represents a significant vote of confidence in CoreWeave, which has faced scrutiny in recent months for financing its aggressive data center expansion through substantial debt. According to PitchBook data, the company had $18.81 billion in debt obligations as of September 2025, while reporting Q3 revenue of $1.36 billion.

CEO Michael Intrator has defended the company's model of using its GPU inventory as collateral for debt financing. He has also addressed concerns about circular deals in the AI sector, stating that industry collaboration is essential to manage the "violent shifts in supply and demand."

CoreWeave has successfully capitalized on the AI surge since pivoting from cryptocurrency mining to providing AI training and inference services. Following its IPO in March of last year, the company has aggressively expanded its technology stack through acquisitions. These include the AI developer platform Weights & Biases in March, the reinforcement learning startup OpenPipe shortly after, and agreements in October to acquire Marimo (an open-source Jupyter notebook alternative) and Monolith. The company also recently expanded its cloud partnership with OpenAI.

CoreWeave's current client roster includes several major hyperscalers such as OpenAI, Meta, and Microsoft.

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Additionally, Nvidia will assist CoreWeave in securing land and power for new data centers. The companies will also work to incorporate CoreWeave's AI software and architecture into Nvidia's reference designs for sale to cloud providers and enterprise customers.

CoreWeave's stock price rose over 15% following the deal's announcement.

For Nvidia—a primary beneficiary and driver of the AI boom—this deal is one of dozens of investments made over the past year. The company is actively working to sustain the rapid pace of investment and development within the burgeoning AI technology sector.