Nvidia is boosting CoreWeave with $2 billion.

Nvidia Expands Partnership with CoreWeave

Nvidia has made a significant investment of $2 billion in CoreWeave, a leader in the field of artificial intelligence. This investment stands out as a sign of the deepening long-term collaboration between the two companies.

Establishment of AI Factories

Within the framework of this new partnership, CoreWeave aims to establish more than 5 gigawatts of AI factories by 2030. This strategy is intended to strengthen the infrastructure necessary for the global adoption of artificial intelligence. The two companies plan to accelerate the construction of AI factories to meet the growing corporate demand.

Nvidia's Investment

Nvidia invested a total of $2 billion in CoreWeave's Class A common stock at a share price of $87.20. This investment reinforces Nvidia's confidence in CoreWeave's business model and growth strategy. With this move, the company has demonstrated its belief in the future of artificial intelligence technologies.

Investors should monitor this partnership and investment as it is likely to provide a competitive advantage for both companies and lay the groundwork for more innovative solutions in the field of artificial intelligence.