Nvidia has announced a $2 billion investment in AI infrastructure provider CoreWeave to accelerate the development of massive computing facilities. This strategic move is specifically designed to help CoreWeave build out “5 gigawatts of AI factories by 2030”. To put the scale of this project into perspective, 5 gigawatts is roughly equivalent to the annual power consumption of 4 million U.S. households. The development of these AI infrastructure will join other projects in the United States such as the Tract Hanover Data Center in bid to meet the rising computing capacity of the country.

Strengthening the AI Supply Chain

CoreWeave operates as a “neocloud” provider, building and renting out data centers equipped with Nvidia’s high-performance graphics processing units (GPUs). These GPUs are the essential hardware used for training complex AI models and managing massive workloads.

Nvidia CEO Jensen Huang emphasized that while this $2 billion investment is a significant step, it represents only a small percentage of the total funding required to reach the 5-gigawatt goal. According to Huang, the industry is currently in the early stages of an extraordinary build-out for AI infrastructure.

Nvidia Invests $2 Billion in CoreWeave, What are the Financial Terms and Market Impact

Nvidia’s investment involved purchasing CoreWeave Class A common stock at $87.20 per share. This price reflected a discount compared to the previous Friday’s closing price of $92.98. Despite the discounted purchase price, CoreWeave’s stock popped 12% on Monday following the news of the partnership.

This deal is part of a broader, long-standing relationship between the two companies:

Nvidia was already a major backer of CoreWeave prior to this announcement.

In September 2025, CoreWeave disclosed a $6.3 billion order from Nvidia.

Nvidia has a standing agreement to purchase any residual unsold capacity from CoreWeave through April 2032.

Scaling for Global Demand

The infusion of capital allows CoreWeave to diversify its client base and reduce dependency on individual customers as it scales its data center capacity. This expansion comes amid a period of rapid deal-making for the company. The company recently secured a $22.4 billion contract expansion with OpenAI and a $14.2 billion infrastructure agreement with Meta.

CoreWeave CEO Michael Intrator noted that this pace of infrastructure growth was historically considered impossible. He believes that because AI will eventually be embedded into almost every human activity, the infrastructure being built today will continue to pay dividends for the next 100 years.

Factsheet

Project Name: Project Aurora (The global buildout of “AI Factories”)

Key Partners: Nvidia and CoreWeave

Total Investment: $2 billion

Expansion Goal: Commission 5 Gigawatts (GW) of AI data center capacity by 2030

Equity Terms: Nvidia purchased Class A common stock at $87.20 per shareCore ClientsOpenAI ($22.4B contract) and Meta ($14.2B contract)