Nvidia Invests $2 Billion in CoreWeave to Boost U.S. Data Center Expansion

Nvidia has announced a $2 billion investment in AI infrastructure provider CoreWeave, making it the company's second-largest shareholder. According to PANews, this move aims to accelerate their collaboration on data center construction in the United States. The investment, priced at $87.20 per share, will increase Nvidia's holdings by approximately 23 million shares, significantly boosting its stake in CoreWeave. CoreWeave plans to use the funds to expedite land and power acquisitions, research and development, and team expansion, rather than purchasing Nvidia processors. The company aims to establish over 5 gigawatts of AI data center capacity by 2030. Originally a cryptocurrency mining firm, CoreWeave has transitioned into a "new cloud" service provider, renting Nvidia GPUs to technology and AI companies.