Nvidia has invested another $2 billion in AI cloud provider CoreWeave.

First reported by Bloomberg and confirmed by the companies, the investment aims to help CoreWeave speed up its build-out of more than 5GW of AI capacity by 2030, and will also see Nvidia giving the neocloud access to the upcoming Vera chip - Nvidia's latest CPU.

Nvidia has purchased CoreWeave Class A common stock at $87.20 a share. The investment builds on the September 2025 agreement between the two that would see Nvidia purchasing unsold compute capacity from CoreWeave for $6.3bn.

Nvidia's CEO, Jensen Huang, said: “The investment is confidence in their growth and confidence in CoreWeave’s management and confidence in their business model.” According to Bloomberg, he added that the partnership is more focused on "aligning" the two companies' engineering strategy and getting infrastructure online.

Nvidia will assist CoreWeave with the purchase of land and power for data centers, and will market CoreWeave’s offerings to cloud partners and large business customers.

According to CoreWeave's CEO Mike Intrator, the investment from Nvidia represents around two percent of its planned spend on bringing new infrastructure online - suggesting $200bn in anticipated spend. Intrator told Bloomberg: "This year, we’re going to deliver an enormous amount of infrastructure, and that’s just going to accelerate over the next three years." It is unclear what timeline the $200bn spend could refer to.

In addition to investing in CoreWeave, Nvidia has also committed to giving the neocloud access to the Vera CPU. Typically, Nvidia CPUs have been offered in systems in combination with other chips.

CoreWeave will be among the first to gain access to Vera, but Huang declined to comment on the other companies set to receive early deliveries, though he told Bloomberg, "there are going to be many."

According to Bloomberg data, prior to the latest investment Nvidia was already the fourth largest holder of CoreWeave shares. Nvidia's investment in companies that are some of its largest customers has raised many questions about the so-called AI bubble. Nvidia has also invested in OpenAI, Anthropic, xAI, and Lambda, among others.

Despite this, Huang told Bloomberg that the idea the investment is "circular" is "ridiculous."

“These are generational companies — the investments that we make is confidence in them,” Huang said. “But it’s a small percentage of the amount of money that they ultimately have to go raise, and so the idea that it is circular is — it’s ridiculous.”

Currently, CoreWeave is spending more than it is seeing in revenue. The neocloud filed for an IPO in March 2025, and while it has seen significant growth in the months since, some cracks have begun to show. During the company's November 2025 earnings call, while it reported Year-on-Year revenue growth of 134 percent, concerns were raised after senior executives revealed they were struggling with a data center project delay.

Since revealed to be connected to at least one Core Scientific data center, earlier this month, an investor filed a class action suit against CoreWeave claiming the company had misled investors about its ability to meet capacity demand from customers.

In December, the company revealed plans to raise more than $2 billion in a convertible senior notes offering, following which its stock value dipped. CoreWeave's shares are currently trading at around $105 a share, down from an all-time-high of $183.58.