Nvidia invests $2 billion in CoreWeave to boost data center build-out

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Nvidia has invested $2 billion in CoreWeave, becoming the AI infrastructure provider’s second-largest shareholder as the two companies deepen their partnership to expand data center capacity across the United States. The announcement pushed CoreWeave’s shares up 9% in premarket trading, highlighting investor confidence in the growing demand for AI-focused cloud infrastructure.

CoreWeave is part of a group of so-called neocloud companies that supply specialized hardware and computing capacity for artificial intelligence workloads. Demand for these services has surged as enterprises accelerate AI adoption. Nvidia’s new investment is expected to help CoreWeave speed up the acquisition of land and power needed to construct large-scale data centers, with the company targeting more than 5 gigawatts of AI data center capacity by 2030.

The investment was made at a purchase price of $87.20 per share, adding roughly 23 million shares and nearly doubling Nvidia’s stake in CoreWeave. Nvidia had previously held a 6.3% stake, making it the company’s third-largest shareholder. Despite scrutiny over Nvidia’s investments in AI firms, CoreWeave said the funds would be used for data center expansion, research and development, and workforce growth, rather than for purchasing Nvidia processors.

Once a cryptocurrency miner, CoreWeave has transformed its business to focus on leasing Nvidia GPUs to technology and AI companies. CoreWeave’s chief executive said the expanded collaboration reflects strong and growing demand for Nvidia’s computing platforms across the AI ecosystem.

Exclusive: Micron to announce memory chip manufacturing investment in Singapore

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U.S. memory chipmaker Micron Technology is set to announce a new investment to expand memory chip manufacturing capacity in Singapore, according to sources familiar with the matter. The move comes as global industries face an acute shortage of memory chips driven by rapid expansion in artificial intelligence infrastructure and growing demand from consumer electronics.

Sources said the announcement could come as soon as Tuesday, with at least part of the investment expected to focus on NAND flash memory. Micron already has a significant manufacturing presence in Singapore, where it produces nearly all of its flash memory chips. The company is also building a $7 billion advanced packaging plant for high-bandwidth memory used in AI chips, which is scheduled to begin production in 2027.

The investment reflects intensifying competition among major memory producers as supply struggles to keep pace with demand. Rivals including Samsung and SK Hynix have announced new production lines and accelerated factory timelines, yet analysts warn the global memory shortfall could persist until late 2027.

Micron has also been exploring ways to boost output elsewhere. The company recently said it was in talks to acquire a fabrication site in Taiwan to expand DRAM wafer production, underscoring the scale of investment required to stabilize the memory market amid the AI boom.

U.S. judge weighs school districts’ addiction claims against social media companies

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A U.S. federal judge is considering whether school districts can take their lawsuits against major social media companies to trial over claims that platform designs knowingly addict young users. At a hearing in Oakland, California, attorneys for Meta and other companies argued that federal law shields them from liability, while school districts said they have been forced to spend significant resources addressing student mental health problems linked to social media use.

The companies urged U.S. District Judge Yvonne Gonzalez Rogers to block the cases, citing Section 230 of the Communications Decency Act, which generally protects platforms from liability over user-generated content. Defense lawyers argued that the districts’ claims rely heavily on such content and should therefore be barred.

Lawyers for the school districts countered that their cases focus not on user content but on platform features they say were deliberately designed to keep children and teenagers engaged for as long as possible. They argued that these design choices have contributed to rising anxiety, depression and cyberbullying among students, creating financial and staffing burdens for schools.

The lawsuits are part of a broader wave of thousands of cases nationwide accusing companies including Meta, TikTok, Snapchat and YouTube of fueling a youth mental health crisis. Judge Rogers is weighing whether several test cases should proceed to trial, a decision that could shape future litigation and potential settlements across the country.