Nvidia CEO Jensen Huang Expresses Strong Support for CoreWeave and Nebius in AI Infrastructure Expansion
At the Goldman Sachs Communacopia + Technology Conference, Nvidia CEO Jensen Huang highlighted a growing bottleneck in the artificial intelligence infrastructure market: data center capacity. As hyperscalers invest heavily to secure land, electricity, and buildings, new cloud providers like CoreWeave (CRWV) and Nebius Group (NBIS) are emerging as key partners for securing this critical resource. Huang emphasized that neoclouds—companies building AI-specific data centers—are essential in meeting the surging demand. He specifically praised CoreWeave and Nebius, noting their strong performance and strategic importance to Nvidia's growth plans. Both companies have secured significant investments from Nvidia, with partnerships aimed at deploying over 5 gigawatts of AI infrastructure by 2030. While CoreWeave has already achieved substantial scale—with Q2 revenue reaching $2.58 billion—it also faces large debt and capital expenditures. Nebius is growing rapidly but remains earlier in its development phase, though it benefits from major contracts with Meta (META) and Microsoft (MSFT). Huang's endorsement signals a long-term strategic shift for Nvidia to leverage neoclouds as an extension of their AI ecosystem.
Topics: artificial intelligence cloud computing data centers Nvidia partnerships