Mentioned:
Nvidia is deepening their bet on CoreWeave. And together, they’re aiming to build massive amounts of new capacity for artificial intelligence workloads.
What’s happening:
- Nvidia (NASDAQ: NVDA) has made a new strategic investment of $2B USD into CoreWeave (NASDAQ: CRWV)
By the numbers:
- Nvidia purchased common shares of CoreWeave at $87.20 USD per share
Why it matters:
- The new strategic investment from Nvidia nearly doubles their total equity stake in CoreWeave
Going deeper:
- CoreWeave and Nvidia have both publicly stated they plan to accelerate their existing partnership and are aiming to successfully deploy 5 gigawatts of new large scale data centres together by the end of the decade
- CoreWeave’s artificial intelligence software and reference architecture including both SUNK and Mission Control will also continue to be tested and validated with Nvidia’s hardware stack as part of their collaboration to scale up the capacity of high performance computing
