{"id":26658,"date":"2025-09-17T08:24:17","date_gmt":"2025-09-17T08:24:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/26658\/"},"modified":"2025-09-17T08:24:17","modified_gmt":"2025-09-17T08:24:17","slug":"coreweave-soars-on-6-3-billion-cloud-computing-purchasing-agreement-with-nvidia","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/26658\/","title":{"rendered":"CoreWeave soars on $6.3 billion cloud computing purchasing agreement with Nvidia"},"content":{"rendered":"<p class=\"css-14ve0pc\">Shares of <a class=\"inline-stock css-1iix00n\" href=\"https:\/\/robinhood.com\/stocks\/CRWV\/?source=sherwood\" rel=\"nofollow noopener\" target=\"_blank\">CoreWeave<\/a> are flying higher in early trading after the company struck an agreement with Nvidia that will see the chip designer purchase all of CoreWeave\u2019s unused cloud computing capacity through April 13, 2032.<\/p>\n<p class=\"css-14ve0pc\">The new order has an initial value of $6.3 billion, per a filing from CoreWeave that outlines this modification to its April 2023 services deal with <a class=\"inline-stock css-1iix00n\" href=\"https:\/\/robinhood.com\/stocks\/nvda?source=sherwood\" rel=\"nofollow noopener\" target=\"_blank\">Nvidia<\/a>.<\/p>\n<p class=\"css-14ve0pc\">Securing access to cloud computing capacity has been the hot topic in the AI space, which was underscored by last week\u2019s deal between <a href=\"https:\/\/sherwood.news\/markets\/coreweave-soars-as-microsofts-deal-with-nebius-shows-unrelenting-demand-for\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">Microsoft and Nebius<\/a> as well as <a href=\"https:\/\/sherwood.news\/tech\/oracle-sales-backlog-300-billion-deal-openai-wsj-report\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">Oracle\u2019s mammoth pipeline of sales<\/a>, thanks in large part to OpenAI.<\/p>\n<p class=\"css-14ve0pc\">As such, it strikes me as a bit odd that this particular agreement for CoreWeave \u2014 securing full utilization of its cloud computing capacity, which everyone seems to want and where demand appears to outstrip supply \u2014 is such a big deal, but hey.<\/p>\n<p class=\"css-14ve0pc\">Nvidia has secured <a href=\"https:\/\/sherwood.news\/markets\/coreweave-reveals-stake-in-applied-digital-adding-another-brick-to-nvidias\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">a high degree of vertical integration throughout the AI ecosystem<\/a> through its equity positions and partnerships with cloud computing and data center companies.<\/p>\n","protected":false},"excerpt":{"rendered":"Shares of CoreWeave are flying higher in early trading after the company struck an agreement with Nvidia that&hellip;\n","protected":false},"author":2,"featured_media":26659,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[241,61,60,80],"class_list":{"0":"post-26658","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-ie","10":"tag-ireland","11":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/26658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=26658"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/26658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/26659"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=26658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=26658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=26658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}