Hard Fork AI NVIDIA Invests $2B in CoreWeave
Jan 26, 2026
A deep dive into NVIDIA's $2B bet to scale CoreWeave into a multi-gigawatt AI compute powerhouse. Conversation covers CoreWeave's pivot from crypto mining to AI infrastructure. Discussion of debt-fueled expansion and multiple acquisitions to build an integrated AI developer stack. Exploration of strategic partnerships, land and power planning, and industry implications of tech lock-in.
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NVIDIA's Strategic $2B Bet
- NVIDIA's $2 billion equity investment values CoreWeave's Class A shares at $87.20 and accelerates its AI expansion plan.
- The deal targets deployment of over five gigawatts of AI compute by 2030, pushing CoreWeave into hyperscaler scale.
CoreWeave To Standardize On NVIDIA Stack
- The partnership will standardize CoreWeave on NVIDIA hardware and software, including Rubin GPUs, BlueField, and Vera CPUs.
- Jointly developed "AI factories" will be optimized for training and running large AI models at scale.
Debt-Heavy Expansion Risks
- CoreWeave has leaned heavily on debt, using GPU inventory as collateral, with roughly $18.81 billion in debt reported.
- Revenues lag debt today, creating pressure to monetize rapidly while scaling infrastructure.