Nvidia is investing $2 billion in CoreWeave, buying around 23 million shares and becoming its second-largest shareholder. The funding comes with an expanded partnership to accelerate AI-focused data centre development.
CoreWeave, once a crypto miner, now provides high-performance computing to tech firms using Nvidia chips. The investment will help CoreWeave secure land, power, and infrastructure to build over 5 gigawatts of AI compute capacity by 2030, meeting growing demand for AI services.
The announcement lifted CoreWeave shares, while Nvidia stock showed mixed reactions.