CoreWeave stock news: CRWV soars 9% on new NVDA $2 billion investment
CoreWeave shares jumped 9% pre-market following a new $2 billion investment from Nvidia to expand its AI data centers.Summary
CoreWeave (CRWV) stock surged 9% in pre-market trading after AI leader Nvidia (NVDA) invested an additional $2 billion by purchasing Class A stock at $87.20 per share. This funding is earmarked to help CoreWeave scale its AI-dedicated data centers, or “AI factories,” to over 5 gigawatts by the end of the decade. Beyond capital, the deal deepens the existing collaboration between the firms, aligning them on hardware, software, and data center strategy. Nvidia CEO Jensen Huang praised CoreWeave's expertise and execution velocity, noting that the companies will also test CoreWeave’s Mission Control scheduling software for potential integration into Nvidia's ecosystem. This investment follows a previous agreement from last September where Nvidia committed to purchasing $6.3 billion of CoreWeave's computing services through 2032.
(Source：CoinDesk)