Particle.news

Download on the App Store

CoreWeave Expands OpenAI Contract by Up to $6.5 Billion as Rally Draws Caution

Investor commentary urges partial profit-taking despite praise for the company’s business.

Overview

  • On September 25, CoreWeave said it expanded its partnership with OpenAI in a deal worth up to $6.5 billion to support training of next‑generation models.
  • Including prior March and May agreements valued at $11.9 billion and $4 billion, reported commitments tied to OpenAI now total about $22.4 billion.
  • CoreWeave detailed additional growth moves, including a £1.5 billion pledge to support AI development in the UK, the launch of CoreWeave Ventures, and acquisitions of OpenPipe and Weights & Biases.
  • Shares have risen roughly 200% since the April IPO but declined about 9.7% over the past week, highlighting volatility.
  • TV host Jim Cramer described CoreWeave as “a real company” but cautioned on valuation and advised investors to consider selling half to lock in gains.