New York, Jan 27, 2026, 11:15 (EST) — Regular session
- CoreWeave shares climbed further Tuesday, building on Monday’s surge following Nvidia’s investment
- Nvidia is investing $2 billion in CoreWeave stock, buying at $87.20 per share as the two companies strengthen their AI data center alliance
- Attention now turns to how quickly CoreWeave can convert cash into land, power, and expanded capacity before its upcoming earnings report
CoreWeave, Inc. shares climbed 9.3% to $107.46 by late morning Tuesday, building on a surge sparked by Nvidia’s new $2 billion stake in the AI-focused cloud company. The stock started the day at $103.74 and swung between $100.70 and $107.46.
Investors are trying to figure out if the next wave of AI spending can happen without stretching balance sheets too thin, especially as data center constraints shift from chips to real estate and power. Nvidia’s investment makes it CoreWeave’s second-largest shareholder and aims to speed up securing land and energy for U.S. data centers, the companies said. CoreWeave told Reuters the funds won’t go toward buying Nvidia processors, pushing back against investor concerns about “circular financing,” where a vendor bankrolls customers who then buy that vendor’s gear. (Reuters)
CoreWeave and Nvidia announced an expanded partnership that now includes using several Nvidia platforms — Rubin, Vera CPUs, and BlueField storage among them — plus efforts to certify CoreWeave’s software across Nvidia’s wider ecosystem. Nvidia CEO Jensen Huang described AI as hitting “its next frontier and driving the largest infrastructure buildout in human history.” The two companies also highlighted their concept of “AI factories,” referring to data centers designed specifically to train and operate large AI models. (NVIDIA Newsroom)
The stock surged Monday, closing up 5.73% at $98.31, after touching an intraday peak of $108.65, according to CoreWeave’s stock data. (CoreWeave)
Wall Street responded quickly, mostly bullish. D.A. Davidson bumped CoreWeave up to a “buy,” Deutsche Bank followed suit with a higher rating, and Mizuho lifted its price target, according to Barron’s. (Barron’s)
The picture behind the stock gains looks shakier than it appears. Investors are split on whether AI demand will grow quickly enough to support the massive new data center projects underway. There’s also debate over chipmakers’ role, with some arguing they’re footing part of the bill for the ecosystem’s expansion, according to Investopedia. (Investopedia)
Huang called the circular-financing claim “ridiculous,” according to remarks shared with Business Insider. (Business Insider)
Nvidia shares climbed roughly 1.5%, reaching $189.29.
The equity investment builds on an existing commercial tie-up. Back in September, Reuters reported Nvidia agreed to a $6.3 billion cloud capacity deal that obligates it to buy any leftover capacity through April 13, 2032—a safety net for CoreWeave if demand weakens. (Reuters)
Building AI data centers remains a tough gig: delays with land, permits, and grid hookups are common, and demand can drop if big clients pull back on spending. CoreWeave’s reliance on Nvidia gear also puts it at risk if supply tightens or prices jump.
Traders are focused on whether the $2 billion will translate into secured sites and powered capacity — the tough, less glamorous work of scaling up. Following two strong days of gains, any news that shifts the buildout timeline could send shares moving sharply.
CoreWeave’s upcoming quarterly report is the next key date, with Nasdaq’s earnings calendar projecting the results on Feb. 9. (Nasdaq)
