Nvidia has announced a $2 billion investment in AI infrastructure company CoreWeave, strengthening their partnership to expand data centre capacity across the United States.
With this investment, Nvidia becomes CoreWeave’s second-largest shareholder. The move reflects the growing demand for powerful computing infrastructure needed to build and run artificial intelligence applications, as more businesses adopt AI technologies.
CoreWeave is part of a new group of cloud communication and collaboration vendors, often called “neocloud” companies, that focus specifically on supplying high-performance hardware for AI workloads. Demand for these services has surged in recent years as companies look for faster and more flexible access to computing power.
According to CoreWeave, the funding from Nvidia will be used to speed up the development of new data centres. This includes securing land and power, two of the biggest challenges in expanding large-scale computing facilities. The company aims to build more than 5 gigawatts of AI-focused data centre capacity by 2030.
As part of the deal, Nvidia will buy CoreWeave shares at $87.20 each, adding around 23 million shares and nearly doubling its ownership stake. Before this transaction, Nvidia held a smaller share, making it CoreWeave’s third-largest shareholder.
Some investors have raised concerns about Nvidia investing heavily in AI companies that also rely on its technology. In response, CoreWeave clarified that the funds from Nvidia will not be used to buy Nvidia processors. Instead, the capital will go toward data centre expansion, research and development, smart solutions, and hiring more staff.
CoreWeave’s journey reflects the rapid growth of the AI industry. Originally focused on cryptocurrency mining, the company shifted its business to support AI by leasing high-performance GPUs to technology firms.
Now, with Nvidia’s $2 billion backing, the partnership highlights a shared goal: scaling AI infrastructure to meet the rising demand that first brought the two companies together.
Coreweave Chief Executive Officer, Michael Intrator, said,
“Nvidia is the leading and most requested computing platform at every phase of AI.”
He also added that the extended collaboration indicates robust and scaling demand across the businesses’ huge customer base.
