CoreWeave inks $6.3 billion deal with Nvidia to guarantee cloud capacity through 2032

Following the announcement, CoreWeave’s shares surged 6.9% in early trading, signaling strong investor confidence in the enduring stability and growth potential of its partnership with Nvidia, a global leader in AI chip technology

CoreWeave, a U.S.-based AI data centre operator, announced a major expansion of its partnership with Nvidia on Monday (September 15), signing a new order initially valued at $6.3 billion. Under the agreement, Nvidia will guarantee the purchase of any unused cloud capacity from CoreWeave through April 13, 2032.

The deal strengthens Nvidia’s access to high-performance infrastructure for training and deploying large AI models, while providing CoreWeave with revenue assurance for its growing cloud footprint. The order builds on an earlier agreement signed in April 2023.

CoreWeave operates AI-focused data centres across the U.S. and Europe, offering clients access to Nvidia’s powerful GPUs, which are in high demand across industries developing generative AI and machine learning applications.