Shares of AI infrastructure provider CoreWeave surged nearly 6% Monday after Nvidia announced a $2 billion equity investment aimed at accelerating the construction of massive AI data centers.

Nvidia purchased CoreWeave Class A common stock at $87.20 per share—a discount to Friday's close—as part of a partnership to build more than five gigawatts of AI factory capacity by 2030. Five gigawatts represents roughly the annual power consumption of 4 million U.S. households.

“We’re in the beginning of the AI infrastructure build-out, and the demand is just extraordinary,” Nvidia CEO Jensen Huang told CNBC.

CoreWeave, which rents out data centers packed with Nvidia’s high-performance GPUs, has become a critical player in the AI ecosystem. The company recently secured multibillion-dollar contracts with Meta ($14.2 billion) and OpenAI ($22.4 billion), fueling rapid expansion but also raising concerns over its debt levels.

“This deal allows us to accelerate our build, which will lead to continued diversification and reducing dependency on any particular client as we scale,” said CoreWeave CEO Mike Intrator.

Nvidia was already a major backer of CoreWeave, with a prior agreement to purchase unsold capacity through April 2032. The latest investment underscores the chip giant’s strategy of funding key customers to drive industry-wide AI adoption.

“We’re investing a small percentage of the amount that ultimately has to go and be provided,” Huang noted, hinting at the enormous capital required to meet projected AI infrastructure demand.