By Ashley Capoot
Publication Date: 2026-01-26 13:25:00
Michael Intrator, CEO of Coreweave, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 20th, 2026.
Oscar Molina | CNBC
Shares of CoreWeave popped 8% in premarket trading on Monday after Nvidia announced it has invested $2 billion in the artificial intelligence infrastructure provider.
Nvidia purchased CoreWeave Class A common stock at $87.20 per share, according to a release. The share price is a discount from Friday’s closing price of $92.98.
“CoreWeave’s deep AI factory expertise, platform software, and unmatched execution velocity are recognized across the industry,” Nvidia CEO Jensen Huang said in a statement. “Together, we’re racing to meet extraordinary demand for NVIDIA AI factories—the foundation of the AI industrial revolution.”
Tune in at 9:35 a.m. ET as Nvidia CEO Jensen Huang and CoreWeave CEO Mike Intrator join CNBC TV to discuss the investment. Watch in real time on CNBC+ or the CNBC Pro stream.
Nvidia’s investment will help CoreWeave accelerate its buildout of “5 gigawatts of AI factories by 2030,” the companies said.
A gigawatt is a measure of power that’s becoming an increasingly common metric for describing AI data center capacity. Five gigawatts is roughly equivalent to the annual power consumption of 4 million U.S. households, according to a CNBC analysis of data from the Energy Information Administration.
CoreWeave primarily generates revenue by building and renting out data centers that are full of Nvidia‘s…
