Nvidia (NASDAQ: NVDA) has invested $2 billion into AI factory CoreWeave (NASDAQ: CRWV), according to a CoreWeave press release, as part of a larger sales agreement between the two firms.
Alongside the investment, CoreWeave will adopt Nvidia storage platforms and CPUs, including the Rubin platform and Vera CPUs, across multiple sites. The deal will also allow CoreWeave to “[l]everage NVIDIA’s financial strength to accelerate CoreWeave’s procurement of land, power and shell to build AI factories,” the press release says.
CoreWeave’s integration of the Nvidia’s hardware stack comes as the AI factory aspires to reach 5 GW of AI factory capacity by 2030.
Nvidia’s equity stake in CoreWeave represents one of the largest direct investments into an AI factory by the chipmaker this year. Other cloud providers such as Microsoft and Amazon continue to expand their own proprietary hardware offerings in competition with Nvidia and other infrastructure providers.
Founded as a cryptocurrency miner, CoreWeave has transitioned into large-scale cloud infrastructure for artificial intelligence and high-performance computing.
Shares of CRWV rose 15.5% in early trading hours following the announcement.
Header image by Amir Shtanger
