2026-01-26T13:59:57.827Z
CoreWeave said Nvidia is buying $2 billion worth of its stock.
The companies said Monday that they are expanding their partnership to build AI infrastructure.
Nvidia has invested in CoreWeave, which is one of its customers, before.
Nvidia is getting the checkbook out again for CoreWeave, buying $2 billion worth of the cloud company’s stock.
CoreWeave said on Monday that alongside the investment, the two companies would build “AI factories” together.
The partnership aims to help CoreWeave accelerate its buildout of AI infrastructure with 5 gigawatts of capacity by 2030.
“From the very beginning, our collaboration has been guided by a simple conviction: AI succeeds when software, infrastructure, and operations are designed together,” said Michael Intrator, the cofounder, chairman, and CEO of CoreWeave, in a press release.
Nvidia made its latest investment in CoreWeave at a purchase price of $87.20 per share.
CoreWeave’s share price was up nearly 10% in premarket trading.
CoreWeave, which builds data centers full of AI chips known as graphics processing units, or GPUs, has had a close relationship with Nvidia for several years.
Nvidia invested about $100 million in CoreWeave in 2023, then acquired more shares around the time of its IPO in March 2025.
Alongside its equity investments, Nvidia also sells its chips to CoreWeave, a dynamic that has contributed to broader industry concerns about circular AI deals.
