This Monster Artificial Intelligence (AI) Data Center Stock Is the Real Winner From Google’s Deal with OpenAI (Hint: It’s Not Nvidia)

Estimated reading time: 7 minutes

Key Takeaways

• CoreWeave benefits most from the new OpenAI-Google collaboration.
• This partnership marks a significant shift in AI computing alliances.
• CoreWeave’s approach to AI infrastructure and strategic positioning stands out.
• The burgeoning AI demand underscores CoreWeave’s critical market role.

CoreWeave: The Real Winner from Google’s Deal with OpenAI

*Background on the Deal*

OpenAI, a leading force in the AI sector, has struck a significant partnership with Google, opting to leverage the Google Cloud Platform (GCP) to augment its computing capacity. This strategic pivot from OpenAI marks a deviation from its erstwhile dependence on Microsoft’s Azure cloud services and showcases its intent to diversify its computational resources. This landmark deal, finalized in May 2025, illustrates the growing competition and collaboration within the AI infrastructure space (source).

*Who Benefits Most?*

Although Google, under the Alphabet umbrella, stands to enhance its cloud business, the real standout in this agreement is CoreWeave (NASDAQ: CRWV). Often flying under the radar compared to its competitors, CoreWeave is poised as the genuine winner in this high-stakes arena. But why is CoreWeave positioned to earn more from this deal than Nvidia, despite Nvidia being the obvious choice as a chip supplier giant?

Why CoreWeave Wins

• Critical AI Infrastructure Provider: CoreWeave specializes in providing cloud-based infrastructure services that are specifically tailored for AI workloads. This means that AI developers and companies can rent high-performance computing resources—mainly GPUs—without the hefty upfront capital required for purchasing hardware from chipmakers like Nvidia or AMD (source).
• Strong Demand & Growth: CoreWeave’s business future is looking bright, with its remaining performance obligations (RPO)—a key measure of future contracted revenue—leaping by 63%. This growth reflects a surging demand for its services, as the booming AI field continues to drive the need for powerful computational infrastructure (source).
• Deep Involvement in OpenAI’s Operations: Earlier in March 2025, CoreWeave cemented a massive $11.2 billion deal directly with OpenAI to provide computational power. Fast forward to the new structure with Google Cloud, and CoreWeave is reportedly supplying much of this compute power to Google, who in turn resells it to OpenAI. This setup allows CoreWeave to reap benefits both directly from OpenAI and indirectly through the partnership with Google, securing its position as an indispensable player in the AI infrastructure buildout (source).
• Market Position: Unlike Nvidia, which is predominantly a hardware supplier providing GPUs, CoreWeave functions as a rental provider for these essential resources. This rental model is particularly attractive to companies that need scalable, on-demand computational power, rather than committing to large hardware purchases (source).

Stock Market and Industry Context

CoreWeave, listed under NASDAQ: CRWV, is part of the USA’s Communication Services sector. It is rapidly rising to prominence within the industry. Analysts and market commentators foresee CoreWeave as a top beneficiary in this space, leading to heightened investor optimism about its growth trajectory as AI technologies increasingly permeate various sectors (source).

Summary Table: Key Players in the OpenAI-Google Data Center Deal

Conclusion

In conclusion, CoreWeave is strategically positioned as the true winner from the groundbreaking OpenAI-Google cloud partnership. Unlike Nvidia, which provides foundational hardware, CoreWeave empowers the AI revolution by enabling scalable access to this critical hardware, thus driving progress in generative AI technologies. With its dual role—acting directly as a supplier to OpenAI and indirectly through Google Cloud—CoreWeave cements itself as a pivotal infrastructure provider in the AI data center ecosystem (source).

As the AI sector continues to grow and evolve, partnerships like the one between OpenAI and Google will likely continue to shape the industry’s landscape, while companies like CoreWeave tailor their strategies to capture emerging opportunities. The importance of scalable computing power cannot be overstated, and CoreWeave is well-positioned to keep supplying this valuable resource as AI adoption accelerates across industries (source).

With the increasing importance of AI in various domains, from healthcare to autonomous vehicles, the demand for computational power and infrastructure is set to skyrocket. CoreWeave is right at the intersection of this burgeoning demand, prepared to support and drive AI advancements well into the future (source).