CoreWeave says Nvidia has its back on data center financing
Business Insider
February 26, 2026
AI-Generated Deep Dive Summary
CoreWeave has revealed that Nvidia will act as a guarantor for its data center lease payments, providing significant financial support as the company ramps up its AI infrastructure spending. This arrangement builds on an existing partnership where Nvidia has already invested heavily in CoreWeave, including purchasing billions of dollars worth of shares and agreeing to buy up to $6.3 billion of computing capacity if needed. The move underscores Nvidia's deepening commitment to CoreWeave's ambitious growth plans, which include more than doubling its 2026 capital expenditures compared to 2025.
The partnership is particularly important as CoreWeave faces immense costs in scaling its AI infrastructure. Moody’s estimates that the company could spend over $30 billion on capital expenditures in 2026, up from an expected $14 billion in 2025. By leveraging Nvidia's financial strength, CoreWeave aims to secure financing for land, power, and data center construction more effectively. While this arrangement is not intended as the primary method of accessing capacity, it highlights how CoreWeave is marshaling resources from high-profile partners like Nvidia to meet growing demand.
Analysts have noted a significant shift in investor sentiment toward CoreWeave following the news of Nvidia's increased support. A recent report highlighted struggles in securing third-party financing for a Lancaster, Pennsylvania data center project, with Blue Owl extending only a short-term $500 million loan. However, CoreWeave reassured stakeholders that the Lancaster project remains fully funded and on track. Meanwhile, Bloomberg reported that CoreWeave is arranging an $8.5 billion financing deal backed by customer contracts with Meta.
This strategic collaboration with Nvidia positions CoreWeave to accelerate its growth in the competitive AI data center market. While concerns about rising debt levels persist—CoreWeave’s debt is projected to reach $38 billion by 2026—the company remains confident in its ability to generate substantial revenues from its contracted backlog of over $55 billion. S&P Global Ratings has noted that if CoreWeave successfully scales and delivers on its commitments, it could see an improvement in its credit rating, reducing borrowing costs and enhancing profitability.
The partnership with Nvidia not only provides financial stability but also signals CoreWeave's determination to carve out a leadership role in the AI infrastructure sector. With major clients like Meta and Google driving demand
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Originally published on Business Insider on 2/26/2026