Nvidia invests $2 billion in CoreWeave to scale AI infrastructure

Nvidia announced on Monday that it has invested $2 billion in CoreWeave. The chipmaker purchased CoreWeave Class A shares at $87.20 per share. The investment is intended to accelerate CoreWeave’s efforts to add more than 5 gigawatts of AI computing capacity by 2030.

The transaction comes as the debt-ridden company has faced scrutiny over the past few months for raising billions in debt to fund its data center expansion. According to PitchBook data, CoreWeave had $18.81 billion in debt obligations as of September 2025. For comparison, the company reported $1.36 billion in revenue for the third quarter. CoreWeave CEO Michael Intrator has defended the company’s business model of raising debt with its graphics processing units as collateral, stating that companies must work together to address what he described as a “violent change in supply and demand.”

Under the agreement, CoreWeave and Nvidia plan to build AI factories—which the companies define as data centers—that will use the chipmaker’s hardware. CoreWeave will integrate Nvidia’s products across its platform, including the new Rubin chip architecture, which is set to replace the current Blackwell architecture. The integration will also feature Nvidia’s Bluefield storage systems and the chipmaker’s new CPU line, Vera. Nvidia will also assist CoreWeave in acquiring land and power for these data centers, while working to include CoreWeave’s software and architecture within Nvidia’s reference designs to sell to cloud businesses and enterprises.

Following the announcement of the deal, CoreWeave shares increased by more than 15%. The company, which transitioned from cryptocurrency mining to providing data center services for AI training and inference, has been expanding its technology stack through acquisitions since its initial public offering in March last year. Its recent acquisitions include:

• Weights & Biases, an AI developer platform acquired in March last year;
• OpenPipe, a reinforcement learning startup acquired soon after;
• Marimo, an open-source Jupyter notebook competitor; and
• Monolith, an AI company.

In addition to these acquisitions, CoreWeave recently expanded its cloud partnership with OpenAI. The company currently counts several large-scale cloud service providers as customers, including OpenAI, Meta, and Microsoft.

Why it matters

This investment provides critical capital to a debt-heavy operator while cementing its role as a primary vehicle for Nvidia’s hardware ecosystem expansion. By backing CoreWeave’s capacity targets, Nvidia deepens its integration with the platform to scale AI compute capacity.