Coreweave (CRWV) They were higher in approximately 5% at the beginning of the United States negotiation on Monday after the cloud computing company signed a $ 6.3 billion agreement with Nvidia (NVDA) To guarantee the use of its excess server capacity, according to a presentation before the Bag and Securities Commission.
According to the agreement, Nvidia will buy any unused computer resource of Coreweave until April 2032. The agreement ensures that the vast fleet of Coreweave data centers is not inactive if the demand for customers fluctuates. If Coreweave clients do not completely reserve their servers, NVIDIA is obliged to intervene and buy the residual capacity. Any of the companies can leave the agreement if one violates the terms or faces bankruptcy.
For Coreweave, the agreement is blocked in a long -term buyer for their free capacity, reducing the risk of income as the infrastructure increases. For NVIDIA, it ensures reliable access to GPU resources based on the cloud at a time when the demand for artificial intelligence training exceeds the offer. The agreement also strengthens the ties between the two companies, since Nvidia not only provides Coreweave with GPU, but also has a capital participation.
Nvidia has already made Coreweave one of her biggest bets. At the end of the second quarter, the AI chips manufacturer owned 24.3 million Coreweave shares worth approximately $ 3.96 billion.
Coreweave, founded in 2017, rent access to NVIDIA graphics processing units that feed the training of the AI model. The firm was made public in March in what was the technological IPO backed by the US company since 2021. Before its debut, it raised billions in debt and capital financing, including Nvidia.
The action increased approximately five times after its April IPO, but later lost approximately 50% during the summer. They have recovered in approximately 35% since Labor Day.
