On Monday, Nvidia announced a $2 billion investment in CoreWeave, aimed at accelerating the data center firm's plans to expand its AI computing capacity by over 5 gigawatts before 2030. The chipmaker, which was already a shareholder in CoreWeave, disclosed that it purchased the company’s Class A shares at $87.20 each.

Under the agreement, the two companies will collaborate to construct "AI factories"—specialized data centers that will utilize Nvidia’s hardware. CoreWeave will also integrate a range of Nvidia products into its platform, including the upcoming Rubin chip architecture, which is slated to succeed the current Blackwell design, along with Bluefield storage systems and Nvidia’s new Vera CPU line.

This investment represents a significant vote of confidence in CoreWeave, which has recently faced questions over its strategy of taking on substantial debt to fund data center expansion. According to PitchBook data, the company had debt obligations totaling $18.81 billion as of September 2025, while reporting third-quarter revenue of $1.36 billion.

CoreWeave’s CEO, Michael Intrator, has defended the company’s approach—which involves using its GPUs as collateral to secure debt—and has responded to concerns about circular deals in the AI sector by emphasizing that industry players must "work together" to manage what he describes as a "violent change in supply and demand."

Since pivoting from cryptocurrency mining to providing data center services for AI training and inference, CoreWeave has effectively capitalized on the AI surge. Following its IPO in March of last year, the company has actively expanded its technology portfolio through a series of acquisitions.

These include the purchase of AI developer platform Weights & Biases in March, reinforcement learning startup OpenPipe soon after, and agreements in October to acquire Marimo—an open-source alternative to Jupyter notebooks—and another AI firm, Monolith. CoreWeave has also recently broadened its cloud partnership with OpenAI and currently serves several major hyperscalers, including OpenAI, Meta, and Microsoft.

As part of the new deal with Nvidia, CoreWeave will receive support in acquiring land and power for data centers. The companies will also work to incorporate CoreWeave’s AI software and architecture into Nvidia’s reference designs, which are marketed to cloud providers and enterprise clients.

News of the investment drove CoreWeave’s share price up by more than 15%. For Nvidia—a central beneficiary and catalyst of the AI boom—this move marks one of dozens of investments made over the past year as the company seeks to sustain the rapid pace of funding and innovation in the emerging AI technology sector.