On Monday, Nvidia announced a significant new investment of $2 billion in CoreWeave. This capital infusion is intended to accelerate the data center company’s ambitious plan to add more than five gigawatts of AI computing capacity by the year 2030. As an existing investor, Nvidia purchased CoreWeave’s Class A shares at a price of $87.20 per share.
The strategic partnership includes a joint effort to construct advanced “AI factories,” which are specialized data centers that will be built using Nvidia’s hardware. CoreWeave will integrate a broad range of Nvidia’s products across its platform. This integration will encompass the upcoming Rubin chip architecture, set to succeed the current Blackwell design, as well as Bluefield storage systems and Nvidia’s new Vera CPU line.
This deal represents a major vote of confidence in CoreWeave, which has recently faced scrutiny for its strategy of financing rapid expansion through substantial debt. As of September 2025, the company reportedly carried debt obligations of $18.81 billion. However, it also demonstrated strong performance with third-quarter revenue of $1.36 billion. CoreWeave’s CEO, Michael Intrator, has defended the company’s model of using its graphics processing units as collateral for debt. He has also addressed broader industry concerns by stating that collaboration is essential to manage the extreme shifts in AI supply and demand.
CoreWeave’s rise has been fueled by the AI boom, following its successful pivot from a cryptocurrency mining operation to a provider of data center services for AI training and inference. Since its initial public offering in March of last year, the company has aggressively expanded its technology portfolio through a series of acquisitions. These include the AI developer platform Weights & Biases, the reinforcement learning startup OpenPipe, the open-source notebook tool Marimo, and another AI firm called Monolith. The company also recently expanded a major cloud partnership with OpenAI. Its current customer roster includes several leading hyperscalers such as OpenAI, Meta, and Microsoft.
As part of the new agreement with Nvidia, CoreWeave will receive assistance in securing land and power for its data center builds. The two companies will also collaborate to incorporate CoreWeave’s AI software and architecture into Nvidia’s reference designs, which are then marketed to cloud providers and enterprise clients. Following the announcement of the deal, CoreWeave’s share price increased by more than 15 percent.
For Nvidia, a central driver and beneficiary of the AI revolution, this investment is the latest in a long series over the past year. The chipmaker continues to actively fuel the breakneck pace of investment and development within the burgeoning AI technology sector.