04:30 PM EDT, 09/15/2025 (MT Newswires) -- CoreWeave's ( CRWV ) shares rallied after the artificial intelligence cloud computing firm on Monday disclosed a new order from Nvidia ( NVDA ) .

Earlier this month, the two companies signed a new order form "under the existing master services agreement dated as of April 10, 2023, which has an initial value of $6.3 billion," CoreWeave ( CRWV ) said in a filing with the US Securities and Exchange Commission.

It provides Nvidia ( NVDA ) access to "unsold cloud computing capacity," according to the filing. CoreWeave ( CRWV ) counts the chipmaking giant among its stockholders and suppliers.

"Under the terms of agreement, in instances where the company's datacenter capacity is not fully utilized by its own customers, Nvidia ( NVDA ) is obligated to purchase the residual unsold capacity through April 13, 2032," subject to certain conditions, CoreWeave ( CRWV ) said.

CoreWeave's ( CRWV ) shares closed 7.6% on Monday, while Nvidia ( NVDA ) was flat.

"Industry-wide demand for AI infrastructure continues to grow, yet building large-scale datacenter capacity typically requires long lead times and (four- to six-year) customer commitments," a Nvidia ( NVDA ) spokesperson said in a statement e-mailed to MT Newswires. "To support startups and small to mid-sized companies, Nvidia ( NVDA ) and CoreWeave ( CRWV ) are proactively building data center infrastructure and provisioning datacenter capacity to meet evolving capital needs."

Last month, CoreWeave ( CRWV ) posted a wider-than-expected second-quarter loss. The company went public in March.

China's State Administration for Market Regulation said Monday that Nvidia ( NVDA ) breached the country's anti-monopoly law in relation to its acquisition of Israel's Mellanox Technologies in 2020, based on a preliminary investigation.

A trade meeting between the US and China in Spain has gone "very well," US President Donald Trump said in a social media post Monday, adding that he will speak with his Chinese counterpart, Xi Jinping, on Friday.

The latest US-China meeting marks the fourth round of negotiations in as many months to address strained trade relationships between the two global economic heavyweights.

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