New York, Jan 30, 2026, 11:41 EST — Regular session.
- CoreWeave shares dropped roughly 3.7% to $95.80 in late morning trading, following a turbulent week sparked by Nvidia’s fresh investment.
- The chipmaker committed $2 billion to CoreWeave, buying shares at $87.20 each, as the two companies deepen their collaboration to boost U.S. data-center capacity. (Reuters)
- Investors weigh the funding boost against execution risks and a fresh debate over “circular” financing within the AI supply chain. (Reuters)
CoreWeave shares slipped $3.73, or 3.7%, to $95.80, after moving within a range of $94.65 to $100.72 during the session.
The jump came after Nvidia revealed a $2 billion stake and announced plans to strengthen its partnership, aiming to accelerate the creation of “AI factories” — massive, energy-intensive data centers designed for AI model training and deployment. (Reuters)
Why it matters now: CoreWeave stands out as a key indicator for the “neocloud” sector — niche providers leasing GPU-intensive compute to major tech and AI clients — right as markets wrestle with how long demand for AI infrastructure can outpace limits on power, land, and building capacity. (Reuters)
This comes as investors closely watch cross-investments between AI chip makers and their hardware customers, raising concerns these ties might obscure true end-demand or heighten risk if spending tapers off. (Reuters)
Nvidia announced it will purchase CoreWeave Class A shares at $87.20 apiece, acquiring about 23 million shares. This move positions the chipmaker as CoreWeave’s second-largest shareholder, Reuters reported. (Reuters)
CoreWeave clarified that the funds won’t go toward purchasing Nvidia processors. Instead, the company plans to use the cash to boost other data-center projects, ramp up R&D, and expand its team, Reuters reported. (Reuters)
“NVIDIA is the leading and most requested computing platform at every phase of AI,” CoreWeave CEO Michael Intrator told Reuters. (Reuters)
In their announcement, Nvidia CEO Jensen Huang described the initiative as part of a huge infrastructure surge. Meanwhile, Intrator noted that the expanded partnership “underscores the strength of demand we are seeing across our customer base.” (Coreweave)
According to the companies, the partnership roadmap has CoreWeave expanding its use of Nvidia platforms beyond just GPUs to include CPUs and storage. They also plan to deploy several generations of Nvidia technology. (Coreweave)
Still, Friday’s pullback suggests traders are beginning to look past the headline funding and focus on tougher issues: how quickly land and power can be secured, when capacity will actually come online, and what returns might be if customers tweak compute usage or move workloads around. (Reuters)
CoreWeave’s upcoming catalyst is its next earnings report. Nasdaq’s market-activity page shows a tentative window around Feb. 9, but the company has yet to confirm the exact date and timing. (Nasdaq)
