CRWV stock price: Why CoreWeave is getting a big boost from Nvidia today

CoreWeave and Nvidia announced Monday that the AI chipmaker has invested another $2 billion as part of a plan to accelerate the buildout of more than five gigawatts of artificial-intelligence (AI) factories by 2030. That’s on top of its previous $3.3 billion investment.

CoreWeave is a cloud computing platform focused on artificial intelligence.

According to a release from Nvidia, the chipmaker bought CoreWeave Class A common stock at $87.20 a share, which “reflects it’s confidence in CoreWeave’s business, team and growth strategy as a cloud platform built on NVIDIA infrastructure.”

The news sent shares of CoreWeave, Inc. (Nasdaq: CRWV) up 12% in Monday morning trading; at the time of this writing, in midday trading, it was trading up over 9%.

“Demand for AI continues to grow exponentially and the need for compute has never been greater, the companies said in a joint statement.

“AI is entering its next frontier and driving the largest infrastructure buildout in human history,” Jensen Huang, founder and CEO of Nvidia added. “CoreWeave’s deep AI factory expertise, platform software, and unmatched execution velocity are recognized across the industry. Together, we’re racing to meet extraordinary demand for NVIDIA AI factories—the foundation of the AI industrial revolution.”

The deal does two things: It gives CoreWeave “early access” to Nvidia’s new central processing unit (CPU) and other products; and pits Nvidia up against Intel and Advanced Micro Devices as direct competitors, according to a report from LinkedIn News.

Coreweave financials

CoreWeave became a publicly-traded company in March, debuting on the Nasdaq exchange—after raising billions, in part from Nvidia, per CNBC.

In November, the company reported third-quarter 2025 earnings with revenue beating analyst expectations at $1.36 billion (versus $1.29 billion), but reported negative earnings per share (EPS) of 22 cents. Operating income was also down 56% to $51.9 million. That, in addition to high infrastructure costs, third-party partner delays, and high debt, caused its share price to drop at the time.