CoreWeave Adds Two Nvidia-Powered Stockholm AI Campuses, Boosting GPU Demand
NVDA•CoreWeave added two renewable-powered Stockholm AI cloud campuses using Nvidia Blackwell GPUs connected via Quantum-X800 InfiniBand, raising its European site count to eight. Competitors Qualcomm revealed a $3.9 billion Modular acquisition and data-center chip launch plans, while Cerebras projected 38%–41% 2026 margins versus Nvidia’s mid-70% range.
1. CoreWeave Expands European AI Cloud Footprint
CoreWeave partnered with Swedish operator Conapto to bring two sustainable data-center campuses online in Stockholm, both powered by renewable energy. These sites run Nvidia Blackwell architecture and Vera Rubin platforms linked via Nvidia Quantum-X800 InfiniBand, boosting its European presence to eight sites out of 49 global facilities with over 1 GW active and 3.5 GW contracted power.
2. Qualcomm's Data Center AI Chip Push and Modular Deal
Qualcomm agreed to acquire AI software firm Modular in an all-stock transaction valued at about $3.9 billion, issuing 19.2 million shares. The company plans to begin shipping CPUs, inference accelerators and custom ASICs for data centers by year-end, marking its most aggressive bid yet to challenge Nvidia’s dominance in artificial intelligence infrastructure.
3. Cerebras Margin Outlook vs Nvidia
Cerebras forecast adjusted gross margins of 38%–41% for fiscal 2026, compared with Nvidia’s typical mid-70% range, prompting CEO Andrew Feldman to clarify guidance misunderstandings. Despite partnerships with OpenAI’s GPT 5.4 and upcoming AWS deployments, the margin gap highlights Nvidia’s pricing power and efficiency advantage in high-performance AI semiconductors.
