Nvidia (NVDA) has nearly doubled its equity stake in AI cloud provider CoreWeave (CRWV), according to an SEC filing for the quarter ending March 31, 2026. The chipmaker now holds 47.2 million Class A shares, a 94.5% increase from the 24.3 million shares it owned at the end of 2025.
The disclosure comes just as CoreWeave's top executives sold a combined $64 million in company stock over two days. CEO Michael Intrator sold 200,000 shares on May 12 at an average price of $105.67, netting roughly $21.1 million under a pre-arranged Rule 10b5-1 plan. Chief Strategy Officer Brian Venturo sold 374,000 shares on May 11 at prices between $112.56 and $119.18, totalling $43.4 million. Both sales were executed through plans adopted months earlier.
CRWV stock has fallen 22% in the past week, dropping to around $111, though it remains about 70% higher over the past year. The company's first earnings report as a public entity showed a revenue beat at $2.08 billion (up 110% year-over-year) but a wider-than-expected loss of -$1.40 per share versus the anticipated -$0.91. Despite this, 20 of 33 Wall Street analysts maintain a Buy rating, with a consensus price target of $131.97, implying double-digit upside.
Nvidia’s deeper investment underscores the strategic importance of CoreWeave's GPU-powered cloud infrastructure, which is heavily reliant on Nvidia hardware. The move also aligns with Nvidia's broader strategy to secure critical components of the AI supply chain, as highlighted by its growing position in optical materials firm Coherent (COHR).
