CoreWeave stock jumps 10% as Nvidia invests $2 billion to expand AI data center capacity
Coreweave CEO Michael Intrator speaks on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland, on January 20, 2026.
Oscar Molina | CNBC
shares CoreWeave Up 10% in premarket trading Monday Nvidia announced invested $2 billion in the artificial intelligence infrastructure provider.
According to the statement, Nvidia purchased CoreWeave Class A common shares at $87.20 per share. The share price is a discount from Friday’s closing price of $92.98.
“CoreWeave’s deep AI factory expertise, platform software, and unparalleled execution speed are recognized throughout the industry,” Nvidia CEO Jensen Huang said in a statement. “Together, we are racing to meet the extraordinary demand for NVIDIA AI factories that are the foundation of the AI industrial revolution.”
Tune in at 9:35 a.m. ET as Nvidia CEO Jensen Huang and CoreWeave CEO Mike Intrator join CNBC TV to discuss the investment. Watch in real time on CNBC+ or CNBC Pro streaming.
CoreWeave generates revenue primarily by building and renting data centers filled with Nvidia’s graphics processing units, which are important for training models and running large AI workloads. The company, which some investors classify as a “neocloud,” has become a major player in an increasingly interconnected network of AI infrastructure partners.
Nvidia is already a big supporter of CoreWeave.
In September, CoreWeave announced that it had received an order worth at least $6.3 billion from Nvidia. a filing With the U.S. Securities and Exchange Commission. According to the agreement, Nvidia has an obligation to purchase “remaining unsold capacity” by April 2032.
CoreWeave went public on Nasdaq in March, and the company has raised billions of dollars in debt and equity, including from Nvidia.
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