Overview

• Meta will reserve CoreWeave compute through December 14, 2031, with an option to extend into 2032.
• The agreement expands an existing master services relationship and provides access to Nvidia GB300-class systems for Meta’s AI workloads.
• Shares rose about 14–15% intraday after the filing, as Evercore ISI initiated a buy at $175 while DA Davidson reiterated a sell at $36.
• CoreWeave reported $1.21 billion in Q2 sales with a $30.1 billion backlog and 33 AI-focused data centers online following its March IPO.
• Management highlights diversification benefits given Microsoft accounted for roughly 71% of June-quarter revenue, alongside a $6.3 billion Nvidia capacity backstop disclosed in mid-September.