CoreWeave, Nvidia Sign US$6.3 Billion Cloud Computing Capacity Order
Nvidia's commitment to buy all unsold cloud capacity until 2032 secures CoreWeave's financial stability amid growing AI demand, analysts say.
- CoreWeave, a provider of cloud infrastructure for AI workloads, disclosed an order worth at least $6.3 billion from Nvidia for the purchase of unsold capacity through April 2032.
- CoreWeave already spends heavily on Nvidia GPUs which it rents out to clients, and Nvidia owns about 7% of CoreWeave's Class A shares as of June 30.
- In addition to the Nvidia deal, CoreWeave has secured a $11.9 billion contract with OpenAI over five years, and its shares have tripled since its IPO in March 2025.
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CoreWeave Stock Is Surging Again. Were the Critics Wrong to Bet Against It?
Key Points CoreWeave (CRWV) is jumping 5% this morning on a $6.3B Nvidia deal guaranteeing unsold capacity. Naysayers piled onto CRWV in August during its plunge after a post-IPO rocket ride Did CoreWeave’s critics bet wrong on the stock and miss out on a 43% rebound? Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully…
CoreWeave, Nvidia sign US$6.3 billion cloud computing capacity order
CoreWeave has signed a US$6.3 billion initial order with Nvidia, the data center operator said on Monday, in a deal that guarantees that the AI chipmaker will purchase any cloud capacity not sold to customers.
CoreWeave, Nvidia sign $6.3 billion cloud computing capacity order
CoreWeave has signed a $6.3 billion initial order with backer Nvidia , the data center operator said on Monday, in a deal that guarantees that the AI chipmaker will purchase any cloud capacity not sold to customers.
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