CoreWeave (NASDAQ:CRWV) saw its stock rise 9% Monday morning following news of a major cloud computing agreement with NVIDIA Corporation (NASDAQ:NVDA).
In a filing with the SEC, CoreWeave revealed that on September 9, 2025, it executed a new order form under its existing Master Services Agreement with NVIDIA. Valued at $6.3 billion, the deal allows CoreWeave to sell reserved cloud computing capacity to its clients while granting NVIDIA access to any leftover capacity that hasn’t been sold.
The agreement stipulates that NVIDIA must purchase any unused datacenter capacity through April 13, 2032, subject to service availability and termination clauses. This structure effectively ensures revenue for CoreWeave’s surplus capacity.
Originally executed on April 10, 2023, the Master Services Agreement remains in effect until all orders are fulfilled or terminated, or until either party ends the agreement per its terms. Either CoreWeave or NVIDIA may terminate the contract with 30 days’ written notice in the event of a breach or if the other party faces bankruptcy or insolvency proceedings.
The filing also highlights that NVIDIA supplies GPUs to CoreWeave and holds shares in the company. Full details of the arrangement will be disclosed in CoreWeave’s quarterly report for the period ending September 30, 2025.
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