Shares of CoreWeave popped 12% on Monday after Nvidia announced it has invested $2 billion in the artificial intelligence infrastructure provider. Nvidia purchased CoreWeave Class A common stock at $87.20 per share, according to a release, a discount from Friday’s closing price of $92.98. The investment will help CoreWeave accelerate its buildout of “5 gigawatts of AI factories by 2030,” the companies said. “This deal allows us to accelerate our build, which will lead to continued diversification and reducing dependency on any particular client as we scale into this additional data center capacity,” CoreWeave CEO Mike Intrator told CNBC’s “Squawk on the Street” on Monday. A gigawatt is a measure of power that’s becoming an increasingly common metric for describing AI data center capacity. Five gigawatts is roughly equivalent to the annual power consumption of 4 million U.S. households, according to a CNBC analysis of data from the Energy Information Administration.

Full report : Nvidia invests an additional $2 billion in CoreWeave to help speed up adding more than 5GW of AI computing capacity by 2030 and deploy Nvidia’s new Vera CPU.