Jensen Huang’s personal foundation is buying $108.3 million worth of computing time from CoreWeave and handing it over to universities and nonprofit research institutes.
The donation, disclosed in a Tuesday filing, is directed toward science and AI research. Nvidia also said it plans to provide free engineering services to some of the recipients.
On the day the news broke, Nvidia stock (NVDA) was up2.29% and CoreWeave ( CRWV) gained 3.30%.
The move adds another layer to an already deep relationship between Nvidia and CoreWeave. It’s not just a donation story — it’s another thread in a growing web of financial ties.
Nvidia invested $2 billion in CoreWeave in January, making it the company’s second-largest shareholder at the time. Before that, Nvidia signed a $6.3 billion deal to purchase any CoreWeave cloud capacity that goes unsold to customers.
CoreWeave runs its cloud infrastructure on Nvidia’s GPUs, the chips that power most AI workloads today.
That layered relationship has raised eyebrows on Wall Street. Investors have questioned whether Nvidia’s heavy investment in AI firms — including OpenAI — amounts to circular financing, where Nvidia’s money flows out and then back in through chip purchases.
Nvidia has not directly addressed those concerns publicly, but the scrutiny has followed the company into several of its major investment announcements.
The Huang Foundation donation adds a philanthropic angle to the CoreWeave story, but analysts are likely to view it in the context of that broader financial picture.
CoreWeave last week updated its capital spending outlook, raising the lower end of its forecast. The company cited higher prices for components as the reason for the revision.
That increase in spending comes at a time when CoreWeave is scaling up its infrastructure to meet growing demand for AI compute.
The company’s recent earnings report also drew attention to how dependent its growth is on the continued demand for GPU-based cloud computing — which circles back directly to Nvidia’s hardware.
Nvidia’s engineering services pledge to grant recipients is an additional commitment on top of the cash value of the computing time purchased.
The filing did not specify which universities or nonprofits are set to receive the computing grants, or over what time period the $108.3 million figure was accumulated.
Huang and his wife Lori are the founders of the philanthropic entity behind the purchase.
The donation was disclosed through a regulatory filing on Tuesday, May 13.
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