Nvidia Invests $2 Billion in CoreWeave as Neocloud Provider Reaches $28 Billion Valuation

Summary

Nvidia has invested $2 billion in CoreWeave, a neocloud provider specializing in GPU cloud infrastructure for AI workloads, valuing the company at approximately $28 billion. The investment is part of Nvidia's broader strategy of deploying capital into cloud providers that are building large-scale GPU clusters optimized for AI training and inference, reinforcing demand for its hardware while deepening ecosystem lock-in. CoreWeave represents a growing class of neocloud providers — purpose-built G