NVIDIA Invests $2B to Expand CoreWeave Partnership and Scale AI Factories in New Jersey

Livingston-based CoreWeave and NVIDIA Jan. 26 said they are expanding their long-running collaboration as CoreWeave aims to accelerate the buildout of more than 5 gigawatts of AI factories by 2030, a move the companies say is intended to support global AI adoption.

The companies also said NVIDIA has invested $2 billion in CoreWeave Class A common stock at a purchase price of $87.20 per share. NVIDIA said the investment reflects its confidence in CoreWeave’s business and growth strategy as a cloud platform built on NVIDIA infrastructure.

In the announcement, NVIDIA (Nasdaq: NVDA) and CoreWeave, Inc. (Nasdaq: CRWV) pointed to rapidly growing demand for AI and the related surge in computing needs. The companies said they plan to deepen alignment across infrastructure, software and platform efforts.

Under the expanded collaboration, the companies said CoreWeave intends to build AI factories developed and operated by CoreWeave using NVIDIA’s accelerated computing platform technology to meet customer demand. They also said NVIDIA’s financial strength will be used to help speed CoreWeave’s procurement of land, power and shell needed to build AI factories.

The companies said they plan to test and validate CoreWeave’s AI-native software and reference architecture, including SUNK and CoreWeave Mission Control, with the goal of improving interoperability and working toward inclusion of those offerings within NVIDIA’s reference architectures for NVIDIA cloud partners and enterprise customers.

They also said CoreWeave will deploy multiple generations of NVIDIA infrastructure through early adoption of NVIDIA computing architectures, including the Rubin platform, Vera CPUs and Bluefield storage systems.

Michael Intrator, co-founder, chairman and CEO of CoreWeave, said the collaboration has been guided by an approach that designs software, infrastructure and operations together. He said NVIDIA is “the leading and most requested computing platform” across phases of AI work, adding that the expanded collaboration reflects demand across CoreWeave’s customer base.

“AI is entering its next frontier and driving the largest infrastructure buildout in human history,” Jensen Huang, founder and CEO of NVIDIA, said in a statement. He said CoreWeave’s “deep AI factory expertise” and platform software are recognized across the industry, adding that the companies are working to meet demand for “NVIDIA AI factories.”

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