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January 27, 2026, 3:10 PM EST. Nvidia nearly doubled its stake in CoreWeave to more than 47 million shares, about 11.5% of the neocloud operator, extending its $4.6 billion equity position. The move underscores Nvidia's strategic tie-up with CoreWeave, the largest GPU-as-a-service and AI-as-a-Service neocloud provider, and follows Nvidia's historic stock rally tied to AI. CoreWeave reported Q3 revenue of $1.36 billion, up 134% year over year, but posted a per-share loss of $0.22, an improvement of 88%. The company also carried a backlog of $55 billion. CEO Michael Intrator said demand for its platform exceeds capacity. CoreWeave plans capex that will run well above 2025 levels in 2026. The question for investors: should Nvidia's vote of confidence be a signal to buy CoreWeave or the broader AI cloud trend?