We recently published 11 Stocks Crushing Wall Street With Whopping Gains. CoreWeave, Inc. (NASDAQ:CRWV) is one of the top performers on Tuesday. CoreWeave soared by 11.7 percent on Tuesday to end at $136.85 apiece after striking a new $14 billion dollar deal with Facebook owner, Meta Platforms Inc. In a regulatory filing last week, CoreWeave, Inc. (NASDAQ:CRWV) said Meta committed to pay $14.2 billion for the supply of computing power, with an option to extend the contract through 2032. The agreement fo ...

CoreWeave had its initial public offering in March. After months of skepticism, Wall Street is warming up to CoreWeave Inc. as a series of new business deals eases concerns about the money losing provider of computing services. Most Read from Bloomberg Nearly half of the analysts covering CoreWeave now have buy-equivalent ratings after at least three raised their recommendations in September. It’s a stark shift from mid-July, when less than 20% of the 29 analysts tracked by Bloomberg recommended buying t ...

CoreWeave Inc. has signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models. CoreWeave's stock has more than tripled in value since its March initial public offering as the race among major technology companies to build the most advanced AI models sends computing demand soaring. Co-host of Bloomberg Tech Ed Ludlow joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to br ...

CoreWeave has signed a $14 billion deal with Meta to supply computing power, Bloomberg News reported on Tuesday. ...

Group 1 - Elon Musk was briefly surpassed by Larry Ellison as the world's richest person after Oracle's stock surged 36% following a strong earnings report, resulting in a $101 billion increase in Ellison's net worth to $393 billion [1][2] - Ellison's position as the richest person was short-lived, as his net worth fell by $34 billion in the two days following the stock surge, leaving him with a net loss of $23 billion from his peak [3] - The decline in Ellison's wealth was attributed to "second thoughts" regarding Oracle's cloud deal with OpenAI, which involves a $300 billion contract for computing power over five years [3][4] Group 2 - The deal with OpenAI was seen as a significant opportunity for Oracle, potentially transforming it into a key player in the AI industry, but concerns arose about the financial risks associated with relying heavily on a single customer [5] - Analysts warned that Oracle has not yet established itself as a top cloud provider, and OpenAI's annualized revenue of $12 billion is significantly lower than the $300 billion commitment, raising questions about the feasibility of the deal [5]

Core Insights - OpenAI has signed a contract to purchase $300 billion in computing power over approximately five years from Oracle, marking one of the largest contracts in history [1] Company Summary - The contract between OpenAI and Oracle signifies a substantial investment in computing resources, which is critical for the development and deployment of advanced AI technologies [1] - This deal highlights the growing demand for computing power in the AI sector, as companies like OpenAI seek to enhance their capabilities [1] Industry Summary - The agreement reflects a broader trend in the technology industry where companies are increasingly investing in cloud computing and AI infrastructure to support their operations [1] - The scale of this contract may influence market dynamics, potentially leading to increased competition among cloud service providers [1]

This up-and-coming AI company is partnering with some of the biggest companies in the world to deliver computing power.*Stock prices used were the afternoon prices of June 8, 2025. The video was published on June 10, 2025. ...