CoreWeave & NVIDIA
NVIDIA committed $6.3B+ to absorb unused CoreWeave GPU capacity through 2032, effectively guaranteeing CoreWeave's revenue baseline. CoreWeave built its entire infrastructure around NVIDIA GPUs and went public in early 2025 with NVIDIA as a key equity holder and preferred distribution channel.
Why it matters: CoreWeave provides NVIDIA a way to deploy GPUs into the market even when hyperscalers reduce orders, smoothing NVIDIA's revenue through an overflow valve. For CoreWeave, the NVIDIA backing provides capital market credibility and supply security.