CoreWeave (CRWV) Jumps 5% on Massive $21B AI Cloud Deal with Meta

CoreWeave shares rose over 5% after announcing a major expansion of its partnership with Meta Platforms. Meta signed a $21 billion deal with CoreWeave to secure additional AI compute capacity through 2032. This builds on a previous $14.2 billion agreement, bringing the total committed value to over $35 billion. Deal Highlights Meta gains early access to next-generation Nvidia Vera Rubin chips, expected to be roughly 2x faster than current systems. The long-term agreement underscores Meta’s aggressive push into AI and its need for massive compute resources. CoreWeave continues to establish itself as a key infrastructure provider for hyperscale AI workloads. Meta has signaled it plans to spend up to $135 billion in capex in 2026, while CoreWeave itself is scaling rapidly with a targeted $35 ...