Bloomberg Intelligence Nvidia Invests $2 Billion More in CoreWeave, Offers New Chip
17 snips
Jan 26, 2026 
Anurag Rana, Bloomberg Intelligence tech analyst covering semiconductors and cloud infrastructure. Sam Fazeli, BI director of research focused on biotech and pharma M&A. David Woo, strategist and novelist exploring globalization through fiction. They dive into Nvidia’s $2B push into CoreWeave and AI chip supply constraints. Discussion of hyperscalers building alternatives like Microsoft’s Maia 200. Biotech M&A, pipeline and market outlook are also covered.
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Nvidia Is Building An Ecosystem
- Nvidia's $2 billion boost signals it's expanding an ecosystem, not just funding CoreWeave directly.
- CoreWeave must convert massive contracted demand into physical data centers to realize that backlog.
A $50 Billion Backlog Needs Real-World Buildout
- CoreWeave carries about $50 billion of remaining performance obligations from large customers like Microsoft and Meta.
- Fulfilling that backlog requires building data centers, power, land, chips and substantial capital.
Scaling Is Capital And Infrastructure, Not Just Chips
- The gating constraints are physical data centers, land, power and access to capital, not just chips.
- CoreWeave's cost of capital improved after IPO but it still depends heavily on private credit to scale.
