Nvidia has invested $2 billion in AI infrastructure provider CoreWeave, becoming its second-largest shareholder as the two companies expand their partnership to increase data center capacity in the United States.
| Photo Credit:
Dado Ruvic
Nvidia has invested $2
billion in CoreWeave, becoming the AI infrastructure
provider’s second-largest shareholder, as the companies expand
their partnership to boost data center capacity in the United
States.
The announcement on Monday sent CoreWeave’s shares up 9% in
premarket trading.
So-called neocloud companies like CoreWeave, which provide
tech companies with the hardware and cloud capacity needed to
build, run and deploy AI technologies, have seen a surge in
demand in recent years as enterprise adoption of AI picks up.
The fresh investment from Nvidia will help CoreWeave speed
up the procurement of land and power required to build data
centers. CoreWeave is targeting to build more than 5 gigawatts
in AI data center capacity by 2030.
Nvidia will invest in CoreWeave at a purchase price of
$87.20 per share, the companies said. That represents an
addition of roughly 23 million shares, nearly doubling Nvidia’s
stake in the firm, according to Reuters calculations based on
data compiled by LSEG.
Nvidia was CoreWeave’s third largest shareholder with a 6.3%
stake, or 24.3 million shares, in the company.
The chip giant has drawn scrutiny for pouring billions of
dollars into AI firms including ChatGPT maker OpenAI and
neoclouds, raising investor concerns about potential circular
financing.
A CoreWeave spokesperson told Reuters that the cash from the
new investment will not be used to purchase Nvidia processors,
but directed toward accelerating other data center investments,
research and development, and scaling its workforce.
Once a cryptocurrency miner, CoreWeave has pivoted to
capitalize on the AI boom by repurposing its infrastructure to
lease Nvidia GPUs to tech and AI firms.
“Nvidia is the leading and most requested computing platform
at every phase of AI … This expanded collaboration underscores
the strength of demand we are seeing across our customer base,”
CoreWeave CEO Michael Intrator said.
Published on January 26, 2026
