CoreWeave (CRWV) Stock Rises 7% After $21 Billion Meta AI Cloud Deal

TLDR

• CoreWeave stock jumped 7% in premarket trading to $95.13 after announcing an expanded deal with Meta
• The agreement is worth approximately $21 billion and runs through December 2032
• The deal builds on an existing relationship — Meta and CoreWeave had a previous deal worth up to $14.2 billion through 2031
• CoreWeave will deploy AI cloud capacity across multiple locations for Meta
• The deal includes some of the first deployments of NVIDIA’s Vera Rubin platform

CoreWeave (CRWV) was trading at $95.13, up 7%, in premarket Thursday. Meta (META) was up 0.7% to $616.51.

CoreWeave, Inc. Class A Common Stock, CRWV

CoreWeave has landed a major contract extension with Meta Platforms, valued at roughly $21 billion. The deal covers AI cloud capacity through December 2032 and cements the two companies as long-term infrastructure partners.

This is not a brand-new relationship. The two companies already had an agreement in place — worth up to $14.2 billion and running through 2031 — so this latest deal expands what was already a substantial arrangement.

The new contract is nearly 50% larger than the previous one in dollar terms.

What CoreWeave Will Deliver

Under the agreement, CoreWeave will provide dedicated AI cloud capacity to Meta across multiple locations. The distributed setup is designed to improve performance, resilience, and scalability for Meta’s AI workloads.

The deal also includes some of the first deployments of NVIDIA’s Vera Rubin platform — NVIDIA’s next-generation AI chip architecture. That makes the contract notable from a hardware angle, not just a cloud services one.

Meta has been investing heavily in AI infrastructure. The company has committed to spending between $60 billion and $65 billion on capital expenditure in 2025 alone, with AI infrastructure a core part of that budget.

CoreWeave, which only went public in March 2025, has moved quickly to build a customer base among major tech players. The Meta deal is its largest disclosed contract to date.

Market Reaction

The market responded positively to the announcement. CRWV stock climbed 7% in premarket trading, reaching $95.13.

Meta stock also edged higher on the news, up around 0.7% to $616.51.

CoreWeave’s stock has had a volatile few months since its IPO. The latest move puts it well above its $40 IPO price from March 2025.

The deal was announced on April 9, 2026, with terms confirming the $21 billion figure and the December 2032 end date.

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