NVIDIA nearly doubles stake in CoreWeave, raising holding to 47.2M shares

Nvidia disclosed on May 15 that it increased its stake in CoreWeave to 47.2 million Class A shares, according to the chipmaker’s latest Form 13F filing with the U.S. Securities and Exchange Commission. The filing showed the position was measured as of March 31, 2026, and represented a 94.5% increase from the 24.3 million shares Nvidia reported at the end of December 2025. The move adds to an already close relationship between Nvidia and CoreWeave, a specialized cloud provider that rents out computing capacity built around Nvidia chips. CoreWeave said on January 26 that Nvidia had invested $2 billion in its Class A common stock at $87.20 a share as the companies expanded their commercial partnership. (sahmcapital.com) CoreWeave completed its Nasdaq listing in March 2025 under the ticker CRWV, the company says on its investor relations site. The company reported first-quarter 2026 revenue of $2.078 billion and revenue backlog of $99.4 billion on May 7. ### How much larger is Nvidia’s position now? The 47.2 million-share stake disclosed on May 15 compares with 24.3 million shares in Nvidia’s previous-quarter filing, according to Reuters and market summaries of the SEC documents. (nvidianews.nvidia.com) That is an increase of 22.9 million shares quarter over quarter. (investors.coreweave.com) March 31, 2026 is the key date in the filing. Form 13F reports are backward-looking snapshots of positions held at quarter-end, which means the disclosure shows what Nvidia owned at the end of the first quarter, not necessarily what it holds now. ### Why does CoreWeave matter to Nvidia beyond the stock holding? (sahmcapital.com) CoreWeave said on January 26 that the two companies were expanding their relationship to support more than 5 gigawatts of AI factories by 2030. Nvidia said at the time that CoreWeave would adopt multiple generations of Nvidia infrastructure, including Rubin, Vera CPUs and BlueField storage systems. (sahmcapital.com) Jensen Huang, Nvidia’s chief executive, said in that announcement that demand for AI infrastructure was driving a broad buildout of computing capacity. Michael Intrator, CoreWeave’s co-founder and chief executive, said the companies’ collaboration had been built around software, infrastructure and operations designed together. (nvidianews.nvidia.com) ### Does the filing show only CoreWeave? Nvidia’s May 15 Form 13F also disclosed a 7.8 million-share stake in Coherent Corp., according to Reuters’ summary of the filing. The same filing listed seven holdings in total, with CoreWeave among the largest named positions. The SEC filing page on Nvidia’s investor relations site lists the 13F-HR filed on May 15, 2026. (nvidianews.nvidia.com) CoreWeave’s investor relations site separately lists ownership-related filings dated May 15, including an amended Schedule 13G. ### What has CoreWeave said about its business recently? CoreWeave said on May 7 that first-quarter revenue more than doubled from a year earlier to $2.078 billion. (sahmcapital.com) The company said revenue backlog stood at $99.4 billion as of March 31, 2026, and Chief Executive Michael Intrator called it the strongest bookings quarter in the company’s history. (investor.nvidia.com) The company also said it had surpassed 1 gigawatt of active power and believed it was on track for more than 8 gigawatts by 2030. CoreWeave hosted its first-quarter 2026 earnings call on May 7 at 5 p.m. Eastern, according to its investor events page. ### What should investors watch next? (investors.coreweave.com) The next formal update on Nvidia’s U.S.-listed equity holdings will come in a future Form 13F, which is filed after quarter-end with the SEC. The current disclosure was filed on May 15 and covers positions as of March 31. CoreWeave’s next company-specific milestones will come through its SEC filings, investor relations updates and any subsequent earnings materials. (investors.coreweave.com) The company last updated investors on May 7, when it reaffirmed full-year 2026 revenue guidance and published its quarterly results. (investor.nvidia.com)