Nvidia Commits $2B to CoreWeave as 2026 Compute Capacity Sells Out
Nvidia will invest an additional $2B in CoreWeave as the company reports 2026 AI compute capacity fully sold out under five- to six-year take-or-pay GPU contracts. CoreWeave plans $30B–$35B capex, expects 25% contribution margins post-Q1, and sees demand expand from AI labs to hyperscalers and enterprises.
1. Nvidia Expands CoreWeave Partnership
Nvidia’s additional $2B investment reflects a broader agreement to support CoreWeave’s AI infrastructure growth, leveraging the strength of CoreWeave’s software stack for GPU operations and accelerating mutual expansion.
2. 2026 Capacity Fully Sold Out with Extended Contracts
CoreWeave reports its 2026 billable compute capacity is fully reserved through multi-year take-or-pay contracts now weighted toward five- to six-year terms, covering A100, H100, H200 and Blackwell GPUs across AI labs, hyperscalers and enterprise clients.
3. $30B–$35B Capex Plan and Margin Outlook
CoreWeave forecasts $30B–$35B in capital expenditures financed at the asset level, with current margin pressure expected to trough in Q1 before ramping to roughly 25% contribution margins for months three through 60 of each contract.