CoreWeave Extends Hot Streak With Meta's $14 Billion Cloud Deal

Core View - CoreWeave Inc. has entered into a multibillion-dollar agreement with Meta Platforms Inc. for cloud computing capacity valued at up to $14.2 billion, effective from December 2023 [1][2] Agreement Details - The agreement was executed on September 25 and includes provisions for termination, indemnification, and limitations of liability [3] - Meta has committed to payments of approximately $14.2 billion through December 14, 2031, with options for expansion through 2032 [2] Growth Strategy - This contract is part of CoreWeave's broader growth strategy, which includes a $6.3 billion arrangement with Nvidia for unused cloud capacity and an expanded agreement with OpenAI valued at up to $6.5 billion [4] - The demand for artificial intelligence infrastructure is driving CoreWeave's rapid expansion [4] Market Performance - Since its March IPO, CoreWeave's shares have more than tripled, supported by contracts with major companies like Microsoft, Nvidia, OpenAI, and now Meta [5] - As of the latest trading, CRWV shares were up 15.20% to $141.14, while META shares were down 1.53% [6]