Yahoo Finance·2026-02-01 14:50Core Insights - Demand for AI data center capacity is extremely high, with hyperscalers and AI companies utilizing all available resources, leading to significant growth in CoreWeave's revenue backlog [1] - CoreWeave provides dedicated AI data center capacity to major clients like Microsoft, Meta Platforms, and OpenAI, primarily utilizing Nvidia's GPUs for parallel processing [2] Investment and Growth - Nvidia has expanded its relationship with CoreWeave, committing $6.3 billion to purchase unsold data center capacity through April 2032, and investing an additional $2 billion at a share price of $87.20 [4] - The investment will enable CoreWeave to accelerate the construction of over 5 gigawatts of AI factories by 2030, enhancing global AI adoption [5] Financial and Operational Strategy - Proceeds from Nvidia's investment will be directed towards research and development, workforce improvement, and data center-related expenses, rather than purchasing Nvidia hardware, addressing potential investor concerns [6] - Nvidia's support will also enhance CoreWeave's software capabilities, positioning the company as a full-stack AI solutions provider [7] Revenue Backlog - CoreWeave's revenue backlog reached nearly $56 billion by the end of Q3 2025, a substantial increase from $15 billion the previous year, driven by significant contracts from major clients [8]