NVIDIA Secures $6.3B CoreWeave Deal to Lock Cloud Capacity


NVIDIA Secures $6.3B CoreWeave Deal to Lock Cloud Capacity

📅 - NVIDIA has reinforced its position in the global AI infrastructure market with a $6.3 billion agreement that deepens its partnership with CoreWeave, the New Jersey–based AI data center operator. Announced this week, the deal extends a 2023 contract and guarantees that NVIDIA will pay for any unused cloud capacity at CoreWeave's facilities until April 2032.

Even if CoreWeave cannot sell the excess to customers, NVIDIA will cover the costs, effectively creating a financial safety net.

Reuters reported that the new arrangement extends the original terms by seven years. The announcement immediately boosted CoreWeave's stock significantly, highlighting investor confidence in the company's [...][... Check source for end of article ...]
Tags: AI

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