AI hyperscaler CoreWeave (NASDAQ:CRWV) disclosed a $6.3 billion new order form with Nvidia (NASDAQ:NVDA) under its existing 2023 services deal, giving Nvidia rights to buy unused data center capacity through April 13, 2032.
Shares of CoreWeave rose nearly 5% in morning trading on Monday.
“Under the terms of agreement, in instances where the Company’s datacenter capacity is not fully utilized by its own customers, NVIDIA is obligated to purchase the residual unsold capacity through April 13, 2032,” according to a filing.
The filing noted the Master Services Agreement will remain in place until either all outstanding orders under the deal are expired or terminated, or the MSA is otherwise terminated in accordance with its terms.