CoreWeave (NASDAQ:CRWV) shares climbed 10% on Monday after NVIDIA (NASDAQ:NVDA) disclosed a $2 billion equity investment aimed at strengthening and expanding the companies’ artificial intelligence infrastructure partnership.
As part of the deal, NVIDIA acquired CoreWeave Class A common shares at $87.20 apiece. The investment sits within a broader strategic collaboration focused on accelerating the development of more than 5 gigawatts of AI factory capacity by 2030, underscoring NVIDIA’s confidence in CoreWeave’s cloud platform, which is built around NVIDIA technology.
Under the expanded partnership, the two companies will work together to develop next-generation AI factories powered by NVIDIA’s accelerated computing platforms, with CoreWeave responsible for construction, deployment and day-to-day operations. NVIDIA will also use its balance sheet strength to support faster access to land, power and core infrastructure for new facilities.
The collaboration extends beyond hardware. The partners plan to test and validate CoreWeave’s AI-native software stack and reference designs — including SUNK and CoreWeave Mission Control — with the goal of incorporating them into NVIDIA’s reference architectures for cloud providers and enterprise customers.
CoreWeave will also roll out multiple generations of NVIDIA technology across its platform, adopting new computing architectures early, including the Rubin platform, Vera CPUs and Bluefield storage systems.
“AI is entering its next frontier and driving the largest infrastructure buildout in human history,” said Jensen Huang, founder and CEO of NVIDIA. “CoreWeave’s deep AI factory expertise, platform software, and unmatched execution velocity are recognized across the industry.”
The expanded agreement builds on CoreWeave’s specialized cloud infrastructure, software capabilities and operational expertise, positioning the company to support increasingly complex and large-scale AI workloads for its customers.