CoreWeave (CRWV) Expands $22.5B OpenAI Deal as GPUaaS Market Surges

Core View - CoreWeave, Inc. (NASDAQ:CRWV) is highlighted as a top AI stock following an expanded agreement with OpenAI, with a price target of $180.00 set by Citizens JMP analyst Greg Miller [1][4]. Company Developments - CoreWeave has expanded its agreement with OpenAI, increasing the total contract value to approximately $22.5 billion, which includes a recent addition of up to $6.5 billion [2][4]. - The initial contract was valued at up to $11.9 billion, signed in March, followed by an expansion of up to $4 billion in May 2025 [4]. Market Outlook - Analysts anticipate new contracts as hyperscalers are increasingly outsourcing GPU cluster buildouts to GPU-as-a-Service (GPUaaS) providers, which assume financial and technical risks [2][4]. - The GPUaaS market is projected to grow from approximately $3-4 billion currently to around $300 billion, indicating a significant acceleration in demand and infrastructure outsourcing by hyperscalers [3][4].