# N Nvidia CEO Jensen Huang said the AI chip supplier has made "a multi-billion-dollar ​prepayment" that was not disclosed when it announced an equity investment earlier this week.

*semiconductor · news · 2026-05-07 · The Economic Times*

## Key points

- Nvidia made a multi-billion-dollar prepayment to Corning not disclosed in prior announcements.
- This prepayment is separate from Nvidia's previously announced equity stake of up to $3.2 billion.
- CoreWeave raised its 2026 capital expenditure floor from $30 billion to $31 billion due to component price hikes.
- CoreWeave added over 400 megawatts of contracted power in Q1, reaching 3.5 gigawatts total.
- CoreWeave's revenue backlog reached $99.4 billion at March 31, up from $66.8 billion in December.

**Companies:** Nvidia, Corning, CoreWeave
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/nvidia-stocks-why-is-nvda-share-price-down-even-as-ai-giant-paid-several-billion-dollars/articleshow/130934329.cms)

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