Nvidia just made one of its boldest equity moves in 2025—snapping up 24 million shares of CoreWeave Inc., a GPU-native cloud infrastructure provider. The stake, now worth approximately $3 billion, highlights Nvidia’s shift from simply selling chips to actively embedding itself deeper into the AI value chain.
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Here’s what this investment reveals about Nvidia’s strategy—and why CoreWeave might be the AWS of the AI era.

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What Is CoreWeave and Why Did Nvidia Buy It?

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CoreWeave isn’t your typical cloud provider. It’s a purpose-built AI cloud company that designs and operates data centers optimized specifically for GPU-intensive workloads like large language models, generative AI, and high-performance computing. At the heart of its infrastructure? Nvidia hardware—including H100s, A100s, and GH200 Grace Hopper Superchips.
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While Nvidia has long supplied CoreWeave with its most powerful chips, this is the first time it has taken a significant ownership stake in the company. This move marks a clear step toward vertical integration—owning not just the tools, but also the platform that deploys them.

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From Partnership to Ownership

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The Nvidia–CoreWeave relationship has been evolving for years:

• 2023: Nvidia helped CoreWeave scale operations by facilitating access to scarce GPUs.
• 2024: Nvidia supported CoreWeave’s data center expansion with financing assistance.
• 2025: Nvidia made it official, acquiring 24 million shares and becoming one of CoreWeave’s largest shareholders.

This wasn’t just a passive investment. Nvidia positioned itself at the center of the infrastructure boom fueling the AI revolution.

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CoreWeave’s March 2025 IPO and Stock Surge

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CoreWeave went public on March 28, 2025, and its stock has already surged over 300% since its debut. Much of this momentum is driven by the exploding demand for AI-native cloud solutions—especially from enterprises and AI startups that need scalable compute without managing their own hardware.
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Nvidia’s investment came pre-IPO, meaning it’s sitting on major gains. But more importantly, it now holds influence over a cloud platform tightly integrated with its own chips.

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Nvidia’s Other AI Equity Plays

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CoreWeave isn’t Nvidia’s only equity interest. As of Q1 2025, it also holds:

• 1.1 million shares of ARM Holdings – tied to CPU/GPU innovation.
• 7.7 million shares of Applied Digital – a competitor in AI infrastructure.
• 7.7 million shares of Recursion Pharmaceuticals – applying AI in drug discovery.
• Minority stakes in Nebius Group and WeRide – covering cloud and autonomous driving, respectively.

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However, Nvidia has reduced its holdings in all of these—some by as much as 26%. The only position it increased? CoreWeave. That signals high conviction.

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Why CoreWeave Stands Out

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Unlike AWS or Azure, which were built for general-purpose cloud computing, CoreWeave is built exclusively for AI.
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Its infrastructure is designed from the ground up for AI training and inference, optimized for parallel GPU processing, and tailored to deliver compute more efficiently than traditional cloud providers.
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This gives CoreWeave a key advantage in a market where every millisecond and dollar of compute matters. And Nvidia, now both a supplier and shareholder, is embedded at the core of this advantage.

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Strategic Implications

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CoreWeave represents more than just a high-growth AI cloud company. It’s the foundation of a new type of cloud—one built around Nvidia’s chips, software, and ecosystem.
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By securing a stake in the company powering the next wave of AI applications, Nvidia ensures it captures value at every layer of the stack: hardware, infrastructure, software, and equity.
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In other words, this isn’t just about selling more GPUs. It’s about controlling the future of compute.

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Nvidia’s aggressive position in CoreWeave signals a shift in its AI strategy—from vendor to ecosystem owner.
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With AI demand skyrocketing and enterprises racing to build on GPU-powered platforms, Nvidia is no longer content to be a toolmaker. It wants to own the rails AI runs on.
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And CoreWeave? It’s quickly becoming the most important AI cloud company you’ve never heard of—until now.

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Follow @LevelFieldsAI for more breakdowns of investor moves and the AI ecosystem plays that Wall Street’s still catching up to.
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This is where the next wave of market power is being built—and the signals are hiding in plain sight.

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Watch the full video here:

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