Nvidia boosts CoreWeave stake to $3.6B, as AI backlog nears $100B

Nvidia increased its investment in CoreWeave to approximately $3.66 billion. This stake represents roughly 11% of the company according to recent SEC filings. The investment aims to scale global AI infrastructure through a deepened strategic partnership.

CoreWeave reported a 112% revenue increase in the first quarter. The company holds a backlog of nearly $100 billion from major clients including Meta, Microsoft, and Anthropic.

Institutional investors Swiss Life Asset Management and May Hill Capital LLC disclosed new positions in the firm. This influx of capital follows CoreWeave's rapid expansion within the AI cloud sector.