Overview

• CoreWeave disclosed the order in an SEC 8-K as an add-on under a 2023 master services agreement, committing Meta payments through Dec. 14, 2031 with an option to expand into 2032.
• The deal provides Meta access to Nvidia GB300 systems built on Blackwell GPUs for training and running advanced AI models, according to CEO Michael Intrator.
• CoreWeave shares jumped roughly 10% to 16% in early trading following the announcement, extending a year of sharp stock moves tied to large capacity wins.
• Management framed the Meta pact as diversification away from Microsoft, which accounted for about 71% of CoreWeave revenue in the June quarter.
• The announcement follows a fresh expansion of CoreWeave’s OpenAI agreement to roughly $22.4 billion and comes alongside an Nvidia $6.3 billion take‑or‑pay backstop that lowers utilization risk despite heavy capex and execution demands.