Nvidia invests $6.3 billion in CoreWeave, a company that builds AI data centers and rents out compute capacity. CoreWeave’s stock price has soared by 110% since going public, but still trades more than 50% below its prior highs. The company has a backlog of $55.6 billion and notable customers like OpenAI and Meta Platforms. CoreWeave’s revenue is expected to rise fourfold in the next two years and trades at a lower valuation than competitors. The company has taken on debt to finance infrastructure buildouts, but Nvidia’s investment mitigates risks. Overall, CoreWeave looks promising in the AI infrastructure era.

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