Nvidia announced Monday that it has invested $2 billion in CoreWeave to accelerate the data center company’s efforts to add more than 5 gigawatts of AI computing power by 2030.
The chipmaker, which is already an investor in CoreWeave, announced it has purchased the company’s Class A stock for $87.20 per share. As part of the partnership, CoreWeave and Nvidia plan to jointly build an “AI factory” (data center) that will use the chipmaker’s products.
CoreWeave will also integrate Nvidia’s products across its platform, including its new Rubin chip architecture (scheduled to replace the current Blackwell architecture), Bluefield storage systems, and the chipmaker’s new Vera CPU product line.
The deal signals strong support for CoreWeave, which has come under intense scrutiny over the past few months for raising billions of dollars in debt to continue building its data center business. The company had $18.81 billion in debt as of September 2025, and reported third-quarter sales of $1.36 billion, according to PitchBook data.
CEO Michael Intrater defended his company’s business model (raising GPU-backed debt to fund its operations), saying companies need to “work together” to deal with “wild shifts in supply and demand,” and cited concerns about circular trading in the AI industry.
The company has been able to successfully ride the AI wave since transitioning from a cryptocurrency mining company to a provider of data center services for AI training and inference. And since its IPO last March, the company has been busy fleshing out its technology stack with a number of acquisitions. The company acquired AI developer platform Weights & Biases in March, followed shortly after by acquiring reinforcement learning startup OpenPipe. In October, it agreed to acquire Marimo (an open source Jupyter notebook competitor) and another AI company, Monolith. We also recently expanded our cloud partnership with OpenAI.
The company currently counts multiple hyperscalers as customers, including OpenAI, Meta, and Microsoft.
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As part of the deal, Nvidia will also help CoreWeave purchase land and power for its data centers and will work with small businesses to incorporate their AI software and architectures into Nvidia’s reference architectures and sell them to cloud businesses and enterprises.
Coreweave’s stock price rose more than 15% on news of the acquisition.
For Nvidia, perhaps the biggest beneficiary and driver of the AI boom, the deal is the latest of dozens of investments made over the past year, as the company does its best to continue to foster a rapid pace of investment and development in early technology.
