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

CoreWeave Inc. (NASDAQ:CRWV) surged after it disclosed in a regulatory filing that it has entered into a multibillion-dollar agreement with Meta Platforms Inc. (NASDAQ:META) for cloud computing capacity valued at up to $14.2 billion. According to an 8-K filing with the SEC, the agreement was executed on September 25 under the companies' existing Master Services Agreement, effective as of December 2023. Meta has committed to payments of approximately $14.2 billion through December 14, 2031, with the opti ...