Nvidia Invests $2B in CoreWeave for AI Data Center Growth

Nvidia has announced a $2 billion investment in AI infrastructure provider CoreWeave, becoming its second-largest shareholder. This strategic move aims to accelerate the construction of data centers in the United States. The investment, priced at $87.20 per share, will increase Nvidia’s stake by approximately 23 million shares.

CoreWeave plans to utilize the funds for land and power acquisitions, research and development, and team expansion, rather than purchasing Nvidia processors. The company, which has evolved from a cryptocurrency mining firm to a cloud service provider, aims to build over 5 gigawatts of AI data center capacity by 2030, leasing Nvidia GPUs to technology and AI companies.