CoreWeave stock jumps 10% as Nvidia invests $2 billion to expand AI data center capacity

CoreWeave experienced a significant 10% increase in its stock price during premarket trading on Monday, fueled by Nvidia's announcement of a $2 billion investment in the AI infrastructure provider. The tech giant acquired CoreWeave's Class A common stock at a price of $87.20 per share. Nvidia's CEO, Jensen Huang, emphasized the collaboration, stating, "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." This partnership marks a crucial step towards addressing the growing needs within the AI sector, signaling strong confidence in CoreWeave's capabilities. Stay tuned for further updates as this story develops.