Coreweave CEO Michael Intrater speaks on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on January 20, 2026.
Oscar Molina CNBC
shares of coreweave It later rose 10% in premarket trading Monday. Nvidia announced that it has invested $2 billion in an artificial intelligence infrastructure provider.
According to the release, Nvidia purchased CoreWeave Class A common stock for $87.20 per share. The stock is trading at a discount from Friday’s closing price of $92.98.
“CoreWeave’s AI Factory’s deep expertise, platform software, and unmatched execution speed are recognized across the industry,” Nvidia CEO Jensen Huang said in a statement. “Together, we are competing to meet the extraordinary demand for NVIDIA AI factories, the foundation of the AI industrial revolution.”
Tune in to NVIDIA CEO Jensen Huang and CoreWeave CEO Mike Intrater to discuss this investment on CNBC TV at 9:35 a.m. ET. Watch in real time on CNBC+ or CNBC Pro streams.
CoreWeave primarily makes money by building and renting data centers equipped with Nvidia’s graphics processing units, which are critical for training models and running large-scale AI workloads. The company, labeled by some investors as a “neocloud,” has become a key player in an increasingly interconnected web of AI infrastructure partners.
Nvidia is already a major supporter of CoreWeave.
In September, CoreWeave disclosed orders worth at least $6.3 billion from Nvidia in a filing with the U.S. Securities and Exchange Commission. According to the contract, NVIDIA is “obligated to purchase any remaining unsold capacity through April 2032.”
CoreWeave went public on the Nasdaq in March, raising billions of dollars in debt and equity from Nvidia and others.
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