Google is reportedly in late-stage talks with AI cloud provider CoreWeave to lease NVIDIA’s Blackwell chips amid an ongoing AI chip shortage.
CoreWeave’s close ties with NVIDIA and rapid AI data centre expansion have attracted interest from companies like OpenAI and Meta.
On Wednesday, CoreWeave’s stock climbed 14% to over $60, rebounding from its $40 IPO price. This comes despite reports that Microsoft may end data centre leases, with Google potentially acquiring some of the available capacity.
With AI firms like xAI and OpenAI emphasising the ongoing NVIDIA GPU shortage, computing power remains a critical asset. If finalised, Google’s deal with CoreWeave would strengthen its AI infrastructure in an increasingly competitive market.
Curious About AI Stocks? Ask the Analyst.
Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!
