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Benzinga
Benzinga
Business
Surbhi Jain

Nvidia's $1.5 Billion Lambda Loop Looks A Lot Like CoreWeave 2.0

In,This,Photo,The,Logo,Of,Nvidia,With,The,Ceo

Nvidia Corp (NASDAQ:NVDA) is paying $1.5 billion to rent its own chips – yes, the same GPUs it sold to Lambda, a cloud startup it partly owns. If this feels like déjà vu, that's because it is: Nvidia ran the same play with CoreWeave Inc (NASDAQ:CRWV) before its IPO, and now Lambda's prepping to go public too.

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