Overview

• CoreWeave said the contract is valued at up to $14.2 billion to supply AI cloud infrastructure to Meta.
• The deal runs through December 2031 with an option to extend into 2032 for additional capacity, according to a company filing.
• CoreWeave shares rose about 10% in premarket trading after the announcement.
• The agreement comes days after CoreWeave expanded its OpenAI contract by $6.5 billion, bringing that commitment to $22.4 billion.
• Meta did not immediately comment on the deal, and Bloomberg first reported the agreement following an interview with CoreWeave’s CEO.