Nvidia’s $2 Billion Stake in CoreWeave
Nvidia (NASDAQ: NVDA) has announced a new $2 billion investment in CoreWeave, increasing its existing stake to approximately 6.6%. CoreWeave specializes in building AI-focused data centers, allowing firms like OpenAI and Meta Platforms to rent computing capacity. This move aims to enhance Nvidia’s market position in the growing AI data center sector.
Analysts project that CoreWeave’s revenue will surge from $4.3 billion to $12.0 billion this fiscal year, and reach $19.5 billion next year. As global data center spending is expected to climb into the trillions, Nvidia’s investment will help solidify its role as a leader in GPU technology, even as its core business continues to operate directly with hyperscalers.
