Nvidia(US:NVDA) Hua Er Jie Jian Wen·2025-09-15 21:16Core View - CoreWeave has secured at least $6.3 billion in orders from NVIDIA, based on an agreement reached in 2023, which obligates NVIDIA to purchase CoreWeave's remaining unsold computing capacity until April 2032 [1] - The agreement highlights CoreWeave's significant role in accelerating global AI innovation [1] Business Model and Dependency - CoreWeave's business model heavily relies on NVIDIA, as it purchases tens of thousands of NVIDIA GPUs and leases the computing power to clients [4] - NVIDIA holds approximately 7% of CoreWeave's Class A shares, indicating a close partnership [4] - The CEO of CoreWeave has expressed confidence in communicating with NVIDIA's CEO, showcasing a strong relationship between the two companies [4] Financial Performance - CoreWeave has experienced rapid growth in the computing rental market, boasting a large customer base despite its reliance on NVIDIA chips [5] - In Q2, CoreWeave reported revenues of $1.21 billion, a 207% year-over-year increase, but still recorded a net loss of $290.5 million [7] - The long-term order from NVIDIA alleviates concerns regarding CoreWeave's future revenue stability and underscores its essential position in AI infrastructure [7] Strategic Partnerships - Earlier this year, CoreWeave signed a five-year contract worth up to $11.9 billion with OpenAI [6] - Major cloud companies, including Google and Microsoft, are turning to CoreWeave for additional computing capacity to meet their growing AI demands [6]