Artificial brains outfit Nvidia just lobbed another $2bn at CoreWeave.
On 26 January 2026, the pair said they would build new “AI factories” on Nvidia’s computing platform, run by CoreWeave, aiming for 5 gigawatts by 2030. Nvidia reckons it can throw its weight around to help line up land and power for the sites.
CoreWeave, chief executive Michael Intrator said: “This expanded collaboration underscores the strength of demand we are seeing across our customer base and the broader market signals as AI systems move into large-scale production.”
Nvidia, which FactSet says already held a 6.6 per cent stake, bought an additional $2bn of CoreWeave shares at $87.20 each. It said the spend shows “confidence in CoreWeave’s business, team and growth strategy as a cloud platform built on Nvidia infrastructure.”
Nvidia, chief executive, Jensen Huang said: “AI is entering its next frontier and driving the largest infrastructure build-out in human history.”
CoreWeave shares closed up 5.7 per cent at $98.31 on Monday, while Nvidia slipped 0.6 per cent to $186.47.
The timing is not subtle, given investor nerves about CoreWeave’s habit of buying Nvidia chips with high-interest debt, then renting access to other AI outfits. Worries about that financing, plus a meaningful delay on one data-centre project, helped knock the stock 30 per cent lower since October.
The “AI factories” are meant to test and validate CoreWeave’s software and reference architecture, including CoreWeave Mission Control, the companies said. They want tighter interoperability between Nvidia reference architectures and CoreWeave tech.
“Together, we’re racing to meet extraordinary demand for Nvidia AI factories—the foundation of the AI industrial revolution,” Huang said.
The build will rely on Nvidia’s Rubin platform, Vera central processing units, and Bluefield storage systems. Nvidia has also been writing big cheques elsewhere in AI, with two deals in the past week.
CoreWeave bond prices jumped as much as three per cent on the news, with about $325m of bonds due in 2030 and 2031 trading on Monday, MarketAxess data showed. That made them some of the most traded US corporate bonds on the day.
