Nvidia invests $2 billion to help debt-laden CoreWeave add 5 gigawatts of AI compute

Nvidia said Monday it has invested $2 billion in CoreWeave to accelerate the data center company’s efforts to add more than 5 gigawatts of AI computing capacity by 2030.

The chipmaker, which is already an investor in CoreWeave, said it bought the company’s Class A shares at $87.20 per share. As part of the deal, CoreWeave and Nvidia together plan to build “AI factories” (data centers) that will use the chipmaker’s products.

CoreWeave will also integrate Nvidia products across its platform, including the new Rubin chip architecture (slated to replace the current Blackwell architecture), Bluefield storage systems, as well as the chip maker’s new CPU line, Vera.

The deal represents a strong show of support for CoreWeave, which has come under scrutiny over the past few months for raising billions in debt to continue building out its data center operations. The company had $18.81 billion in debt obligations as of September 2025, according to PitchBook data, and posted revenue of $1.36 billion in the third quarter.

The company’s CEO, Michael Intrator, has defended its business model (it finances operations by raising debt using its GPUs as collateral), and addressed concerns about circular trades in the AI ​​industry by saying that companies must “work together” to address “the violent shift in supply and demand.”

The company has been successfully riding the AI ​​wave since transitioning from a cryptocurrency mining company to a data center services provider for AI training and inference. Since its IPO in March last year, it has been busy developing its technology stack through a slew of acquisitions. It acquired Weights & Biases, an AI developer platform, in March, then shortly after bought reinforcement learning startup OpenPipe. In October, it agreed to acquire Marimo (a competitor to the open source Jupyter notebooks) and Monolith, another AI company. It also recently expanded its cloud partnership with OpenAI.

The company currently counts several hyperscalers, including OpenAI, Meta, and Microsoft.

As part of the deal, Nvidia will also help CoreWeave purchase land and power for data centers, and work with the smaller company to embed its AI software and architecture within Nvidia’s reference architecture to sell to enterprises and cloud enterprises.

CoreWeave shares rose more than 15% on news of the deal.

For Nvidia, arguably the biggest benefactor and driver of the AI ​​boom, the deal is the latest of dozens of investments in the past year as the company does its best to continue fueling the rapid pace of investment in and development of the emerging technology.