Nvidia invests $2 billion in CoreWeave to boost data center build-out

Nvidia has invested $2 billion in ‍CoreWeave, becoming the AI infrastructure provider’s second-largest shareholder, as the companies expand their partnership to ⁠boost data center capacity in the United States.

The announcement on Monday sent CoreWeave’s shares up 9% in premarket trading.

So-called neocloud companies like CoreWeave, which provide tech companies ‌with the hardware ‌and cloud capacity needed to build, run and deploy AI technologies, have seen a surge ‌in demand in recent years as enterprise adoption of AI picks up.