Nvidia bets on cloud and invests 2 billion in CoreWeave
Jensen Huang's company is looking ahead, and in the meantime will become TSMC's largest customer this year, ousting Apple
Nvidia continues to expand the perimeter of its power in the artificial intelligence industry. While for some analysts, Jensen Huang's company will be TSMC's number one customer from this year (effectively undermining Apple), from a strategic point of view, Nvidia itself is aiming for another piece with a new $2 billion investment in CoreWeave, a company specialising in the cloud for AI. The aim is to accelerate the construction of more than 5 gigawatts of computing capacity by 2030. A scale that gives the measure of ambition: five gigawatts is equivalent to the output of five large nuclear power plants.
The deal actually strengthens. an already close relationship. Nvidia purchased shares of CoreWeave's Class A common stock at $87.20 each and committed under previous agreements to purchase over $6 billion worth of services from the company through 2032. But, in the words of CEO Jensen Huang, the heart of the deal is aimed at aligning the two companies' engineering work and bringing new computing capacity online as quickly as possible.
In more detail, the collaboration includes CoreWeave as one of the first customers to distribute Nvidia's upcoming new products, including storage systems and a new CPU, dubbed Vera. As reported by Bloomberg news agency, this is the first time that Nvidia is offering a core processor as a standalone product, thus entering into direct competition with Intel and AMD within data centres, and also offering an alternative to solutions developed in-house by large cloud providers, such as Amazon's Graviton. And it is no coincidence that the market immediately picked up the signal: CoreWeave shares rose as much as 17%, while Intel lost over 4% and AMD almost 3%.
CoreWeave, which went public last year in one of the biggest IPOs of 2025, is now worth more than $50 billion and is one of the leading examples of 'neoclouds', i.e. specialised perators offering dedicated infrastructure for AI workloads. Nvidia's investment helps strengthen its financial structure, at a time when the company is incurring huge expenses to build data centres and has resorted significantly to debt, fuelling fears among some investors.
To date, Nvidia's 2 billion represents about 2 per cent of the total planned expenditure for the new facilities, but the deal goes beyond capital: Nvidia will also assist CoreWeave in the purchase of land and power, and promote its software and architectures to large enterprise customers and cloud partners. Not to mention that prior to this deal Nvidia was already CoreWeave's fourth largest shareholder
