Overview

• CoreWeave disclosed a multi-year agreement with Meta worth up to $14.2 billion running through Dec. 14, 2031, with an option to extend into 2032.
• The deal expands a 2023 master services agreement and provides Meta access to Nvidia GB300-class systems for AI workloads.
• CoreWeave shares rose roughly 12%–15% intraday following the announcement, reflecting investor enthusiasm for contracted demand.
• Separate agreements with OpenAI now total about $22.4 billion after a late-September expansion of up to $6.5 billion.
• Recent filings and commentary highlight a reported $6.3 billion Nvidia capacity backstop through 2032, a $30.1 billion backlog and Q2 revenue of $1.21 billion, alongside flagged risks around power constraints, execution and customer concentration with mixed analyst views.