
Nvidia’s $2 billion purchase makes it CoreWeave’s second-largest shareholder; proceeds will fund land, power, R&D, and expansion as CoreWeave targets over 5 GW of AI data center capacity by 2030.
Nvidia invested $2 billion in CoreWeave via Class A shares at $87.20 per share, adding about 23 million shares and becoming the company’s second-largest shareholder. CoreWeave said the funds will support land and power acquisition, R&D, and broader expansion to scale AI infrastructure, with a target of more than 5 GW of AI data center capacity by 2030. CoreWeave shares rose about 9% in premarket trading; the stock previously closed at $92.98 and traded above $101 early. The companies’ multi-year partnership includes testing CoreWeave’s Mission Control platform for potential integration into Nvidia’s ecosystem, with Nvidia CEO Jensen Huang praising CoreWeave’s execution. Nvidia previously agreed to purchase $6.3 billion of CoreWeave’s unsold computing capacity through 2032. Founded in 2017 as Atlantic Crypto, CoreWeave pivoted from bitcoin mining to AI-focused cloud computing after the 2018 crypto downturn.