Nvidia secures $6.3B backstop deal with CoreWeave through 2032

Nvidia just locked in a $6.3 billion agreement with CoreWeave, giving the New Jersey-based data center firm one hell of a ￰0￱ Monday, the deal ensures that Nvidia will cover any unused cloud capacity through April 13, ￰1￱ CoreWeave can’t sell it, Nvidia still pays. That’s the ￰2￱ to Reuters, this is an extension of a prior agreement signed in April 2023, and now it’s stretched out for another seven ￰3￱ shares jumped 8% after the ￰4￱ company runs AI-heavy data centers in both the ￰5￱ Europe, offering access to Nvidia’s GPUs, the same chips that power large-scale AI tools like ￰6￱ deal cements CoreWeave as one of Nvidia’s biggest infrastructure allies and gives them cover if demand ￰7￱ now, AI is ￰8￱ Nvidia’s saying: if that changes, we’ve still got your ￰9￱ commits to buying unused capacity Barclays analysts said this updated contract acts as a safety net for CoreWeave.

“The amended agreement serves as a backstop,” they explained, “ensuring capacity will be leveraged irrespective of the end customer.” The analysts also pointed out that this $6.3 billion spend gives Nvidia more control over cloud operations without relying too much on giants like Microsoft or ￰10￱ matters because CoreWeave is already tightly tied to ￰11￱ in March, the two companies signed a five-year, $11.9 billion deal for CoreWeave to provide cloud ￰12￱ top of that, OpenAI committed to spending another $4 billion by April ￰13￱ connection’s deep. Nvidia’s investment adds even more weight to that triangle: Nvidia, CoreWeave, OpenAI. Demand’s been ￰14￱ reported a major uptick in usage for Q2, driven by AI ￰15￱ the bills are also ￰16￱ company’s operating expenses quadrupled to $1.19 billion in that ￰17￱ growth is real, but it’s burning through money ￰18￱ Nvidia backstop helps keep the lights ￰19￱ goes after Nvidia over Mellanox deal While Nvidia is tightening its grip on U.

S.-based AI infrastructure, China is turning up the ￰20￱ Monday, the country’s State Administration for Market Regulation (SAMR) said Nvidia broke Chinese anti-monopoly laws, based on a preliminary investigation, as Cryptopolitan reported ￰21￱ probe ties back to Nvidia’s 2020 acquisition of Mellanox, an Israeli company that builds network solutions for servers and data ￰22￱ had approved that deal, with some conditions. Now, they’re saying Nvidia didn’t meet ￰23￱ investigation lands at a bad ￰24￱ talks between China and the ￰25￱ Sunday in Madrid, and this could blow things ￰26￱ the weekend, Beijing launched two other investigations tied to ￰27￱ is an anti-dumping case against chips from the U.

S., and the other accuses America of discriminatory policies targeting China’s chip ￰28￱ isn’t Nvidia’s first clash with Chinese ￰29￱ in the year, China blocked the export of Nvidia’s H20 chip, a product built specifically to comply with ￰30￱ ￰31￱ rejection showed how geopolitical tensions are freezing out even the most careful attempts to play by the ￰32￱ Huang, Nvidia’s CEO, hasn’t been quiet about any of ￰33￱ said American companies should be allowed to sell to China, estimating the Chinese AI market could reach $50 billion in just a few years. “If we’re not there,” Huang said, “Huawei will be.” It didn’t fall on deaf ￰34￱ month, Nvidia cut a deal with Washington to restart chip sales to ￰35￱ catch?

Nvidia has to give 15% of that revenue to the ￰36￱ company is now in talks to export even more advanced chips to China under tighter regulations, but nothing is finalized. Don’t just read crypto ￰37￱ ￰38￱ to our newsletter. It's free .