semiconductor / news / / The Economic Times
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.
Nvidia made a multi-billion-dollar prepayment to Corning not disclosed in prior announcements.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →