US cloud computing service provider CoreWeave likes the cloud service order of US$6.3 billion from NVIDIA, strengthening its position as NVIDIA's main cloud partner, and inspiring stock prices to rise by more than 7%. According to comprehensive...
US cloud computing service provider CoreWeave likes the cloud service order of US$6.3 billion from NVIDIA, strengthening its position as NVIDIA's main cloud partner, and inspiring stock prices to rise by more than 7%.
According to comprehensive foreign media reports, CoreWeave announced on the 15th that it has signed an initial order worth US$6.3 billion with NVIDIA. According to the agreement, if CoreWeave's data center is not fully utilized by its own customers, NVIDIA has the right to purchase any unsold cloud computing capacity before April 13, 2032.
CoreWeave pointed out that the expanded cooperation with NVIDIA reflects the scale, credibility and key role CoreWeave has developed in accelerating global artificial intelligence innovation.
CoreWeave has purchased hundreds of thousands of GPUs from NVIDIA and rented them to customers. NVIDIA is also one of the major investors in CoreWeave, holding 7% of CoreWeave A shares by the first half of 2025.
Experts analyzed that this transaction strengthened CoreWeave's position as NVIDIA's main cloud partner and hindered the potential doubt that AI computing demand would be reduced.
CoreWeave's stock price surged 7.6% on the 15th, closing at $120.47, nearly twice the price since its IPO in March.
Barkle analysts pointed out that NVIDIA's agreement provides a backing for CoreWeave to ensure that their production capacity can be fully utilized regardless of who the end customer is.
Extended reading: Britain and the United States will sign innovative technology agreements, Trump visits NVIDIA and OpenAI high-level CoreWeave calls AI investment far and untouched, demand is facing a turnaround. Stock price
