Stock Besties · CRWV

CoreWeave: who it depends on, and who depends on it.

AI cloud. CRWV · Nasdaq. 6 sourced relationships in the network, each with its filing or release.

Open CoreWeave on the mapRun a what-ifCheck shared exposureAll SEC filings
Ties

Dependence, both ways

CoreWeave depends on, or is exposed to

Companies that depend on CoreWeave

Event exposure

If something happens to CoreWeave

The companies each kind of event would reach, up to two steps away, along sourced relationships only. This is a map of connections, not a forecast: how much each company would feel is unknown unless a source states it.

What if CoreWeave spends less?

Companies that sell to it (its suppliers and infrastructure providers), then the companies those sellers buy from.

  • NVIDIA · directly, materiality unknownNVIDIA depends on sales to CoreWeave.
  • Micron · two steps away, materiality unknownNVIDIA depends on sales to CoreWeave; then Micron depends on sales to NVIDIA.
  • TSMC · two steps away, materiality unknownNVIDIA depends on sales to CoreWeave; then TSMC depends on sales to NVIDIA.

What if CoreWeave raises less money or its value falls?

Its investors, holders and guarantors, plus the companies that sell to it (a company that raises less tends to buy less), then their suppliers.

  • NVIDIA · directly, materiality unknownNVIDIA is exposed to the value or credit of CoreWeave. Or: NVIDIA depends on sales to CoreWeave.
  • Micron · two steps away, materiality unknownNVIDIA is exposed to the value or credit of CoreWeave; then Micron depends on sales to NVIDIA. Or: NVIDIA depends on sales to CoreWeave; then Micron depends on sales to NVIDIA.
  • TSMC · two steps away, materiality unknownNVIDIA is exposed to the value or credit of CoreWeave; then TSMC depends on sales to NVIDIA. Or: NVIDIA depends on sales to CoreWeave; then TSMC depends on sales to NVIDIA.

What if CoreWeave cannot deliver?

Companies that buy chips, parts or capacity from it, then their own customers.

  • Meta Platforms · directly, materiality unknownMeta Platforms depends on compute or data-center capacity from CoreWeave.
  • Microsoft · directly, materiality unknownMicrosoft depends on compute or data-center capacity from CoreWeave.
  • NVIDIA · directly, materiality unknownNVIDIA depends on compute or data-center capacity from CoreWeave.
  • OpenAI · directly, materiality unknownOpenAI depends on compute or data-center capacity from CoreWeave.
  • Anthropic · two steps away, materiality unknownMicrosoft depends on compute or data-center capacity from CoreWeave; then Anthropic depends on compute or data-center capacity from Microsoft.
  • Oracle · two steps away, materiality unknownNVIDIA depends on compute or data-center capacity from CoreWeave; then Oracle depends on chips or parts from NVIDIA.

What if CoreWeave's shares or stake lose value?

Holders of its shares, warrants or notes and guarantors of its obligations, then their holders.

  • NVIDIA · directly, materiality unknownNVIDIA is exposed to the value or credit of CoreWeave.
Filings

CoreWeave’s filings and its partners’

  1. Oct 21, 2026, 20:00 ETMeta Platforms filed a quarterly report (10-Q). Filing on SEC.govConnected:AMDCoreWeave
  2. Oct 21, 2026, 16:03 ETMeta Platforms filed a current report (8-K): material agreement (Item 1.01), results of operations (Item 2.02), other events (Item 8.01). Filing on SEC.govConnected:AMDCoreWeave
  3. Sep 22, 2026, 16:17 ETCoreWeave filed a current report (8-K): material agreement (Item 1.01), unregistered sale of shares (Item 3.02), other events (Item 8.01). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  4. Sep 17, 2026, 07:13 ETCoreWeave filed a current report (8-K): Regulation FD disclosure (Item 7.01), other events (Item 8.01). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  5. Sep 3, 2026, 08:03 ETNVIDIA filed a current report (8-K): other events (Item 8.01). Filing on SEC.govConnected:OpenAISB EnergyCoreWeaveOracleAnthropicIntelTSMCMicron
  6. Sep 2, 2026, 16:30 ETMicrosoft filed a current report (8-K): Regulation FD disclosure (Item 7.01). Filing on SEC.govConnected:OpenAICoreWeaveAnthropic
  7. Aug 26, 2026, 16:36 ETNVIDIA filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAISB EnergyCoreWeaveOracleAnthropicIntelTSMCMicron
  8. Aug 26, 2026, 16:21 ETNVIDIA filed a current report (8-K): results of operations (Item 2.02). Filing on SEC.govConnected:OpenAISB EnergyCoreWeaveOracleAnthropicIntelTSMCMicron
  9. Aug 17, 2026, 08:41 ETNVIDIA filed a current report (8-K): material agreement (Item 1.01), new financial obligation (Item 2.03), Regulation FD disclosure (Item 7.01). Filing on SEC.govConnected:OpenAISB EnergyCoreWeaveOracleAnthropicIntelTSMCMicron
  10. Aug 11, 2026, 19:24 ETCoreWeave filed a quarterly report (10-Q). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  11. Aug 11, 2026, 16:10 ETCoreWeave filed a current report (8-K): results of operations (Item 2.02). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  12. Aug 10, 2026, 16:10 ETCoreWeave filed a current report (8-K): material agreement (Item 1.01), new financial obligation (Item 2.03), Regulation FD disclosure (Item 7.01). Filing on SEC.govConnected:OpenAIMicrosoftMeta PlatformsNVIDIA
  13. Jul 29, 2026, 18:58 ETMeta Platforms filed a quarterly report (10-Q). Filing on SEC.govConnected:AMDCoreWeave
  14. Jul 29, 2026, 16:08 ETMicrosoft filed an annual report (10-K). Filing on SEC.govConnected:OpenAICoreWeaveAnthropic
Evidence

Every relationship of CoreWeave

OpenAI’s CoreWeave contracts: up to $11.9 billion and up to $6.5 billionCoreWeave · OpenAI · Mar 2025
InfrastructureActiveFiled with the SEC

Two filed contracts: up to $11.9 billion through October 2030 (March 2025) and up to $6.5 billion through May 31, 2031 (September 2025). CoreWeave calls OpenAI a significant customer.

  • Infrastructure dependence: OpenAI depends on compute or data-center capacity from CoreWeave.
  • Customer dependence: CoreWeave depends on sales to OpenAI.
  • OpenAI pays CoreWeave for compute or data-center capacity.
First verified evidence
Mar 2025
Latest evidence
Aug 12, 2026
What the sources say

  1. March 2025: OpenAI committed to pay up to about $11.9 billion through October 2030.

    “in March 2025, we entered into a master services agreement with OpenAI, a private company, pursuant to which OpenAI has committed to pay us up to approximately $11.9 billion through October 2030.”
    CoreWeave (SEC filing), 10-K, Mar 2, 2026excerpt re-checked Oct 18, 2026

  2. September 2025: OpenAI committed to pay up to about $6.5 billion through May 31, 2031.

    “OpenAI has committed to pay the Company up to approximately $6.5 billion through May 31, 2031 under the Order Form.”
    CoreWeave (SEC filing), 8-K, Sep 25, 2025excerpt re-checked Oct 18, 2026
How much it matters
  • To CoreWeave: Described, no figure CoreWeave expects OpenAI to be a significant customer but gives no share.
    “we expect OpenAI to be a significant customer in future periods”
    CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026
  • To OpenAI: Unknown OpenAI is private; no source states what share of its compute runs on CoreWeave.
Microsoft was about 67% of CoreWeave’s 2025 revenueCoreWeave · Microsoft · 2023
InfrastructureActiveFiled with the SEC

Microsoft has been CoreWeave’s largest customer since 2023: 35% of revenue in 2023, 62% in 2024 and about 67% in 2025.

  • Infrastructure dependence: Microsoft depends on compute or data-center capacity from CoreWeave.
  • Customer dependence: CoreWeave depends on sales to Microsoft.
  • Microsoft pays CoreWeave for compute or data-center capacity.
First verified evidence
2023
Latest evidence
Mar 2, 2026
What the sources say

  1. Microsoft accounted for 35% and 62% of CoreWeave’s revenue in 2023 and 2024.

    “For the years ended December 31, 2023 and 2024, our largest customer was Microsoft, which accounted for 35% and 62% of our revenue, respectively.”
    CoreWeave (SEC filing), S-1/A, Mar 20, 2025excerpt re-checked Oct 18, 2026
How much it matters
  • To CoreWeave: Disclosed About 67% of CoreWeave’s revenue in 2025 came from Microsoft.
    “We recognized an aggregate of approximately 67% of our revenue from our top customer, Microsoft, for the year ended December 31, 2025.”
    CoreWeave (SEC filing), 10-K, Mar 2, 2026excerpt re-checked Oct 18, 2026
  • To Microsoft: Unknown Microsoft does not name CoreWeave in its annual report.
  • CoreWeave’s 10-Q for the quarter to June 30, 2026 reports its top customers only as letters (Customer A 36%), so that figure is not attributed to Microsoft.
Meta committed up to $21.0 billion to CoreWeaveCoreWeave · Meta Platforms · Sep 2025
InfrastructureCommitted (future delivery)Filed with the SEC

Meta committed up to about $14.2 billion in September 2025, then up to about $21.0 billion under a March 2026 order form, through 2032.

  • Infrastructure dependence: Meta Platforms depends on compute or data-center capacity from CoreWeave.
  • Customer dependence: CoreWeave depends on sales to Meta Platforms.
  • Meta Platforms pays CoreWeave for compute or data-center capacity.
First verified evidence
Sep 2025
Latest evidence
Aug 12, 2026
What the sources say

  1. September 2025: up to about $14.2 billion through December 2031.

    “in September 2025, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. ("Meta") initially committed to pay us up to approximately $14.2 billion through December 2031”
    CoreWeave (SEC filing), 10-K, Mar 2, 2026excerpt re-checked Oct 18, 2026

  2. March 2026: up to about $21.0 billion, including capacity through December 20, 2032.

    “in March 2026, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. (“Meta”) initially committed to pay us up to approximately $21.0 billion (inclusive of access to new computing capacity through December 20, 2032”
    CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To CoreWeave: Described, no figure CoreWeave expects Meta to be a significant customer but gives no share.
    “we also expect Meta to be a significant customer in future periods”
    CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026
  • To Meta Platforms: Unknown Meta does not name CoreWeave’s share of its spending.
Every GPU in CoreWeave’s cloud is an NVIDIA GPUNVIDIA · CoreWeave · Sep 15, 2025
SupplierActiveFiled with the SEC

CoreWeave buys its GPUs from NVIDIA; its customer contracts specify NVIDIA GPUs.

  • Supplier dependence: CoreWeave depends on chips or parts from NVIDIA.
  • Customer dependence: NVIDIA depends on sales to CoreWeave.
  • CoreWeave pays NVIDIA for chips or parts.
First verified evidence
Sep 15, 2025
Latest evidence
Aug 12, 2026
What the sources say

  1. NVIDIA supplies CoreWeave with GPUs and is a stockholder.

    “In addition to the MSA, NVIDIA supplies the Company with NVIDIA GPUs and is a stockholder of the Company.”
    CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026
How much it matters
  • To NVIDIA: Unknown NVIDIA does not name CoreWeave’s share of its revenue.
  • To CoreWeave: Disclosed All of the GPUs in CoreWeave’s infrastructure are NVIDIA GPUs.
    “all of the GPUs used in our infrastructure today are NVIDIA GPUs”
    CoreWeave (SEC filing), 10-Q, Aug 12, 2026excerpt re-checked Oct 18, 2026
NVIDIA is a CoreWeave shareholder and bought $2 billion more in 2026NVIDIA · CoreWeave · Sep 15, 2025
Investment: sharesActiveFiled with the SEC

NVIDIA is a CoreWeave stockholder and bought 22,935,780 more shares at $87.20 in a January 2026 private placement.

  • Investment exposure: NVIDIA is exposed to the value or credit of CoreWeave.
  • Investment dependence: CoreWeave relies on capital or credit support from NVIDIA.
  • Capital flows from NVIDIA to CoreWeave.
First verified evidence
Sep 15, 2025
Latest evidence
Jan 26, 2026
What the sources say

  1. NVIDIA is a stockholder of CoreWeave.

    “NVIDIA supplies the Company with NVIDIA GPUs and is a stockholder of the Company.”
    CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026

  2. January 23, 2026: 22,935,780 shares sold to NVIDIA at $87.20, $2 billion in cash.

    “On January 23, 2026, the Company completed the issuance and sale of 22,935,780 shares of the Company’s Class A common stock, par value $0.000005 per share (the “Shares”), pursuant to the Purchase Agreement, at a price of $87.20 per share for an aggregate purchase price of $2 billion in cash.”
    CoreWeave (SEC filing), 8-K, Jan 26, 2026excerpt re-checked Oct 18, 2026
How much it matters
  • To NVIDIA: Unknown Not stated.
  • To CoreWeave: Unknown No share of CoreWeave’s capital is stated.
NVIDIA must buy CoreWeave’s unsold capacity through April 2032CoreWeave · NVIDIA · Apr 10, 2023
InfrastructureActiveFiled with the SEC

Under a September 2025 order with an initial value of $6.3 billion, NVIDIA buys any CoreWeave capacity its other customers leave unused, through April 13, 2032.

  • Infrastructure dependence: NVIDIA depends on compute or data-center capacity from CoreWeave.
  • Customer dependence: CoreWeave depends on sales to NVIDIA.
  • NVIDIA pays CoreWeave for compute or data-center capacity.
First verified evidence
Apr 10, 2023
Latest evidence
Sep 15, 2025
What the sources say

  1. A $6.3 billion order under a services agreement dated April 10, 2023.

    “under the existing Master Services Agreement (“MSA”) dated as of April 10, 2023, which has an initial value of $6.3 billion”
    CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026

  2. NVIDIA is obligated to purchase residual unsold capacity through April 13, 2032.

    “NVIDIA is obligated to purchase the residual unsold capacity through April 13, 2032”
    CoreWeave (SEC filing), 8-K, Sep 15, 2025excerpt re-checked Oct 18, 2026
How much it matters
  • To CoreWeave: Unknown No share of revenue is stated.
  • To NVIDIA: Unknown Not stated.

Catalog BESTIES-v1, reviewed Oct 18, 2026. Paper research only, not investment advice. Method and sources

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