NVIDIA invests $2 billion in CoreWeave, buying Class A common stock at $87.20 per share to expand AI computing capacity. CoreWeave plans to add 5 gigawatts of capacity by 2030, with Nvidia hardware. Nvidia will purchase $6 billion in services from CoreWeave through 2032. CoreWeave will be an early adopter of Nvidia’s new products, including the standalone CPU “Vera.” Nvidia’s stock was down less than 1% after the announcement. Relevant companies: NVIDIA – Expands investments for AI infrastructure growth. CoreWeave – Receives funding for AI data center expansion. This is a developing story, updates may follow. (Word count: 88)

Read more at Quiver Quantitative: Nvidia Invests $2B in CoreWeave as AI Infrastructure Expansion Accelerates