Leading data center operator CoreWeave recently announced a monumental $6.3 billion order with Nvidia. This groundbreaking agreement ensures that the renowned AI chipmaker will acquire any cloud capacity that CoreWeave doesn’t sell directly to its clients, highlighting a deep strategic alliance.
Following this exciting news, CoreWeave’s shares saw a significant boost, climbing 6.9% in early trading.
This latest development further solidifies the long-standing partnership between the two technology giants. It mandates Nvidia’s commitment to purchasing unsold capacity through April 13, 2032, indicating a long-term vision for their collaboration. This strategic move also follows CoreWeave’s previous announcement of its intent to acquire crypto miner Core Scientific in a separate $9 billion deal, underscoring its aggressive expansion in the digital infrastructure space.
CoreWeave plays a crucial role in the artificial intelligence landscape, operating state-of-the-art AI data centers across the U.S. and Europe. These facilities provide essential access to Nvidia’s powerful GPUs, which are in extremely high demand for developing and deploying advanced AI models.
The newly signed order was officially formalized as an extension of an existing agreement from April 2023, demonstrating a continuous and expanding collaboration between CoreWeave and Nvidia in the critical field of high-performance cloud computing.