Nvidia pumps another $2 billion into CoreWeave and announces standalone availability of Vera CPU — chipmaker increases stake in its customer to 9%

Another day, another deal earmarking large amounts of money from a big corporation to one of its customers in the AI world. The latest exchange is between Nvidia and cloud datacenter makers CoreWeave, where Jensen Huang’s outfit bought a helping of CoreWeave Class A shares, for $87.20 a piece.

Before the deal, Nvidia owned just over 6% of CoreWeave, a slice that ought to have increased today to around 9%. Although those figures and today’s purchase relate to standard Class A shares, some outfits are reporting that the chipmaker also owns some Class B stock — shares with 10x voting rights, privately traded.

For Huang, this investment reflects “confidence in their growth and confidence in CoreWeave’s management and confidence in their business model” [sic]. CoreWeave is one of the many companies rapidly burning through far more money than it’s getting revenue, a fact that previously had some investors skittish, particularly after December when the firm revealed a plan to raise $2 billion by issuing debt to be exchanged for shares.