CoreWeave Stock (CRWV) Breaks $100 Pre-Market on Nvidia Additional $2 Billion Investment

CoreWeave's stock price (NASDAQ:CRWV) jumped 10% in pre-market trading this morning, after Nvidia Corporation announced a $2 billion equity investment in the AI infrastructure specialist, deepening a strategic partnership that has become central to both companies' artificial intelligence ambitions. 

The investment, structured as a purchase of Class A common stock at $87.20 per share, forms part of an expanded collaboration aimed at accelerating the construction of more than five gigawatts of AI factories by 2030. This represents a substantial commitment to physical infrastructure at a time when demand for AI computing capacity continues to outstrip supply across the industry.

Under the agreement, CoreWeave will develop and operate AI factories utilizing Nvidia's computing platform technology, with a focus on meeting surging customer demand for specialized AI workloads. The partnership encompasses several strategic initiatives, including expedited procurement of land, power, and shell facilities necessary for data center construction. Additionally, the companies will test and validate CoreWeave's AI-native software stack, including its SUNK architecture and CoreWeave Mission Control platform.

The deal also positions CoreWeave as an early adopter of multiple generations of Nvidia infrastructure, including the forthcoming Rubin computing platform, Vera CPUs, and Bluefield storage systems. This privileged access to next-generation hardware represents a significant competitive advantage in a market where equipment availability has become a critical constraint.

This latest investment builds on an already substantial relationship between the two companies. Nvidia previously held over 24 million shares valued at more than $3.9 billion as of the second quarter of 2025, making it one of CoreWeave's largest shareholders. The chipmaker's growing stake reflects its strategic interest in securing dedicated infrastructure for its GPU platforms while diversifying beyond pure semiconductor manufacturing.

The announcement follows a $6.3 billion cloud capacity agreement disclosed in September 2025, under which Nvidia committed to purchasing any unused data center capacity through April 2032. That deal provided CoreWeave with guaranteed revenue for excess capacity and triggered a 9% stock surge at the time. Analysts subsequently upgraded the stock, with Melius and Wells Fargo citing strong AI-related demand and favorable industry supply dynamics.

CoreWeave's financial performance has validated the bullish sentiment. The company reported a 420% year-over-year revenue increase to $981.6 million in the first quarter of 2025, significantly exceeding market estimates. Since its March 2025 initial public offering, which raised $1.5 billion despite a lukewarm initial reception, the stock has surged approximately 250%.

The company's rapid ascent underscores the premium markets are placing on specialized AI infrastructure providers capable of deploying cutting-edge computing platforms at scale. However, CoreWeave's heavy reliance on Nvidia for both technology and revenue presents concentration risk that analysts continue to monitor. The deepening partnership, while strategically advantageous, ties CoreWeave's fortunes closely to Nvidia's product roadmap and market position.

Markets appear to be betting that the AI infrastructure buildout remains in early innings, with CoreWeave positioned to capture outsized growth as enterprises accelerate their adoption of generative AI and other compute-intensive applications.