Nvidia invests $2-billion in CoreWeave to support AI data-centre build out

Nvidia invested US$2-billion in CoreWeave at US$87.20 per share, nearly doubling its stake, the article reports. The funding is intended to help CoreWeave speed procurement of land and power as it aims to build more than 5 gigawatts of AI data-centre capacity by 2030.

Nvidia has invested US$2-billion in CoreWeave as the two companies expand their partnership on AI infrastructure. The purchase price was US$87.20 per share. CoreWeave is planning to build more than 5 gigawatts of AI data-centre capacity by 2030. The companies say the new funding will help speed procurement of land and power needed for those facilities. Key facts: - The article mentions Nvidia invested US$2-billion in CoreWeave at a purchase price of US$87.20 per share. - The article mentions CoreWeave shares rose nearly 10 percent in premarket trading following the announcement. - The article mentions CoreWeave is targeting over 5 gigawatts of AI data-centre capacity by 2030. - The article mentions Nvidia was previously CoreWeave's third-largest shareholder with about a 6.3 percent stake and added roughly 23 million shares, nearly doubling its stake and becoming the second-largest investor. Summary: The investment deepens Nvidia's ownership stake in CoreWeave and is described as intended to accelerate CoreWeave's data-centre build-out by speeding procurement of land and power. The article reports growing demand for so-called "neoclouds" as enterprise adoption of AI increases. Undetermined at this time.