CoreWeave Bet Powers 7.4% Gain at $66 Billion Ontario Pension Fund

Ontario’s C$66 billion pension fund reported a 7.4% annual return in 2025, driven largely by equity gains and a strategic AI cloud investment. The fund’s gains included a C$1 billion ($723 million) profit from partially selling its stake in CoreWeave Inc., a high-performance AI cloud infrastructure provider. CoreWeave’s valuation surge reflects soaring demand for AI computing power, positioning it as a key player in the rapidly expanding cloud infrastructure sector. The pension fund’s partial divestment highlights institutional investors’ growing focus on AI-driven technology as a high-growth asset class. This move underscores how traditional financial institutions are leveraging emerging tech sectors to boost returns amid volatile equity markets.