CoreWeave's $6.3 Billion Backstop Deal With Nvidia: What It Means for Each Company
The Motley Foolยท2025-10-05 10:30What's in store after the revelation?As the artificial intelligence (AI) data center race continues to escalate, a string of massive deals has been announced in recent weeks that involve big tech companies like Alphabet or Microsoft agreeing to provide a financial "backstop."A $6.3 billion agreement between red-hot CoreWeave (CRWV -2.33%) and the company at the very heart of the AI boom, Nvidia (NVDA -0.77%), sent both stocks higher. So what exactly is a backstop, and what does this latest announcement mean ...