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CoreWeave Secures $6.3B Nvidia Deal Amid AI Demand Surge

2/16/2026

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Summary

Story summary

CoreWeave, which operates AI data centers in the U.S. and Europe, secured a $6.3 billion order with Nvidia to buy unsold cloud capacity through April 13, 2032.
The deal cements CoreWeave's status as a key Nvidia partner and supports operations amid fluctuating AI demand.
Shares rose 8%.
CoreWeave previously signed a five-year, $11.9 billion contract with OpenAI, while operating expenses rose nearly fourfold to $1.19 billion amid rapid growth.

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Story summary

CoreWeave, which operates AI data centers in the U.S. and Europe, secured a $6.3 billion order with Nvidia to buy unsold cloud capacity through April 13, 2032.
The deal cements CoreWeave's status as a key Nvidia partner and supports operations amid fluctuating AI demand.
Shares rose 8%.
CoreWeave previously signed a five-year, $11.9 billion contract with OpenAI, while operating expenses rose nearly fourfold to $1.19 billion amid rapid growth.