Nvidia Lifts CoreWeave Stake 95% to $3.6 Billion, Making It No. 2 Holding
Updated
Updated · The Motley Fool · May 26
Nvidia Lifts CoreWeave Stake 95% to $3.6 Billion, Making It No. 2 Holding
5 articles · Updated · The Motley Fool · May 26
More than 47 million CoreWeave shares were held by Nvidia at quarter-end, up 95% in the first quarter and valued at about $3.6 billion.
That bigger bet deepens Nvidia's backing for a close partner whose cloud business rents Nvidia GPUs for AI workloads and was first to broadly offer Blackwell and Blackwell Ultra systems.
CoreWeave's momentum has accelerated with more than $40 billion in first-quarter bookings and nearly $100 billion in contracted revenue backlog, helping explain Nvidia's confidence.
Debt remains the main investor concern around CoreWeave, but Nvidia has also agreed to buy any excess capacity through 2032, limiting the risk of idle infrastructure.
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