Nvidia Invests $2B in CoreWeave to Add 5GW of AI Computing Capacity

NVIDIA said on Monday that it has invested $2 billion in CoreWeave to accelerate the data centre company’s plans to add more than 5 gigawatts of AI computing capacity by 2030.

The chipmaker, which was already an investor in CoreWeave, said it purchased the company’s Class A shares at $87.20 each. As part of the agreement, Nvidia and CoreWeave will jointly develop so-called “AI factories,” or large-scale data centres built around Nvidia’s hardware and software stack.

Under the deal, CoreWeave will expand its use of Nvidia technology across its platform. This includes the chipmaker’s upcoming Rubin architecture, which is expected to succeed the current Blackwell generation, along with BlueField networking and storage systems and Nvidia’s newly launched Vera CPU line.

The investment represents a significant vote of confidence in CoreWeave, which has faced increased scrutiny in recent months over its growing reliance on debt to fund rapid expansion. According to PitchBook data, the company had $18.81 billion in debt obligations as of September 2025. CoreWeave reported revenue of $1.36 billion in the third quarter.

CoreWeave CEO Michael Intrator has defended the company’s strategy of financing operations through debt backed by its GPU assets. He has also pushed back on concerns about circular financing arrangements in the AI sector, arguing that industry players need to collaborate closely to manage what he has described as a dramatic shift in supply and demand.

CoreWeave has capitalised on the surge in AI demand following its transition from a cryptocurrency mining business into a provider of data centre infrastructure for AI training and inference workloads. Since going public in March last year, the company has expanded its technology portfolio through a series of acquisitions. These include the purchase of AI developer platform Weights & Biases in March, followed by the acquisition of reinforcement learning startup OpenPipe. In October, CoreWeave agreed to acquire Marimo, an open-source alternative to Jupyter notebooks, along with Monolith, an AI company. The company has also recently broadened its cloud partnership with OpenAI.

CoreWeave’s customer base now includes several major hyperscalers, such as OpenAI, Meta, and Microsoft.

Beyond the equity investment, Nvidia will support CoreWeave in securing land and power capacity for future data centre developments. The two companies will also collaborate on integrating CoreWeave’s AI software and infrastructure into Nvidia’s reference architecture offerings, which are marketed to cloud providers and enterprise customers.

Shares of CoreWeave rose more than 15% following the announcement.

For Nvidia, widely viewed as one of the primary drivers and beneficiaries of the AI boom, the investment marks another addition to a growing list of deals over the past year. The company has made dozens of investments as it seeks to sustain the rapid pace of spending and innovation shaping the early stages of the AI industry.