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CoreWeave Signs $6.3B Deal with NVIDIA, Shares Up 7.6%
On September 15, U.S. cloud service provider CoreWeave revealed it has secured a $6.3 billion initial cloud order from NVIDIA, cementing its role as a key partner in powering next-generation AI computing. The announcement sparked a 7.6% surge in CoreWeave's stock, closing at $120.47—nearly double its value since the March IPO.
Under the agreement, NVIDIA is committed to purchasing any unused cloud capacity from CoreWeave's data centers through April 13, 2032, ensuring consistent utilization regardless of customer demand.
CoreWeave emphasized that the expanded partnership highlights its scale, credibility, and critical role in accelerating global AI innovation. The company has already acquired hundreds of thousands of NVIDIA GPUs, which are leased to clients worldwide, while NVIDIA itself holds a 7% stake in CoreWeave Class A shares as of early 2025.
Analysts noted that the deal not only strengthens CoreWeave's position as NVIDIA's main cloud partner but also mitigates concerns about potential slowdowns in AI computing demand. Barclays added that the agreement provides CoreWeave with a strong safety net, guaranteeing capacity deployment across diverse end-users.
