SCHEDULE 13G/A: NVIDIA Discloses 11.5% Stake in CoreWeave

NVIDIA Corporation has reported beneficial ownership of 11.5% of CoreWeave, Inc.'s Class A common stock, totaling 47,213,353 shares.

Summary

• NVIDIA Corporation, a Delaware entity, is the reporting person for this Schedule 13G Amendment No. 1.
• The filing pertains to CoreWeave, Inc., with principal executive offices located at 290 W Mt. Pleasant Ave., Suite 4100, Livingston, NJ, 07039.
• NVIDIA beneficially owns 47,213,353 shares of CoreWeave's Class A common stock, par value $0.000005 per share.
• This ownership represents 11.5% of the total Class A common stock outstanding.
• NVIDIA holds sole voting power and sole dispositive power over all 47,213,353 shares.
• The event requiring this filing occurred on January 23, 2026.
• NVIDIA certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of CoreWeave, Inc.

Sentiment

Score: 8

Explanation: NVIDIA's substantial 11.5% beneficial ownership in CoreWeave, a specialized cloud provider, signals strong strategic alignment and confidence from a leading technology company, which is a significant positive endorsement for CoreWeave.

Positives

• NVIDIA's significant 11.5% stake in CoreWeave indicates a strong strategic interest and potential partnership, which could be highly beneficial for CoreWeave's growth and market validation.
• The investment by a leading technology company like NVIDIA can enhance CoreWeave's credibility, access to advanced technology, and potentially secure future business opportunities.

Future Outlook

No specific forward-looking statements or guidance are provided in this beneficial ownership disclosure.

Management Comments

• I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

NVIDIA is a dominant player in AI and high-performance computing hardware, particularly GPUs. CoreWeave is a specialized cloud provider focusing on GPU-accelerated workloads, often for AI and machine learning. NVIDIA's investment suggests a deepening relationship or strategic alignment in the rapidly growing AI infrastructure market, where demand for GPU resources is surging.

Comparison to Industry Standards

• NVIDIA's investment in CoreWeave aligns with a broader industry trend of major technology companies investing in or partnering with specialized cloud providers to expand their ecosystem and ensure demand for their hardware, particularly GPUs.
• This strategic move is comparable to other instances where tech giants secure stakes in key partners or customers to solidify their market position and influence within their respective value chains.

Related Party Transactions

• The filing itself details a significant equity stake held by NVIDIA Corporation in CoreWeave, Inc., establishing a related party relationship through beneficial ownership.

Stakeholder Impact

• Shareholders (CoreWeave): Likely to view this as a strong positive, validating CoreWeave's business model and potentially enhancing its market position and access to NVIDIA's technology and resources.
• Shareholders (NVIDIA): Indicates a strategic investment in a key partner, potentially securing demand for NVIDIA's GPUs and expanding its ecosystem in the high-growth AI infrastructure sector.
• Customers (CoreWeave): Could benefit from enhanced service reliability, performance, and access to cutting-edge NVIDIA technology due to the strengthened relationship.
• Competitors (CoreWeave): May face increased competition as CoreWeave's strategic position and resources are potentially bolstered by NVIDIA's investment.

Key Dates

Recommendation

NVIDIA's significant 11.5% stake in CoreWeave, a key player in GPU-accelerated cloud services, represents a strong strategic endorsement. This investment by a dominant technology leader like NVIDIA is a substantial vote of confidence in CoreWeave's business model and future prospects, likely enhancing its market position, access to resources, and credibility, making CoreWeave a compelling investment opportunity.

Keywords

NVIDIA, CoreWeave, Class A common stock, beneficial ownership, SEC filing, Schedule 13G, equity stake, technology investment, AI infrastructure