CRWV: CoreWeave Stock Jumps 12% After Meta Unveils $14.2 Billion Cloud Computing Deal

Fast-rising (but volatile) AI player has added 63% to its valuation over the past three weeks. It just keeps pulling big tech to its client list.

🤝 Meta Signs on the Dotted Line

• CoreWeave stock CRWV surged 12% Tuesday after confirming a massive deal with Meta META worth up to $14.2 billion through December 2031, with the option to extend into 2032.
• The filing locks in guaranteed cloud capacity — a stamp of approval from another FAANG heavyweight. For CoreWeave, the announcement means not just revenue visibility, but bragging rights.
• Meta joins a rapidly expanding client list at the exact time hyperscale demand for AI-ready GPU infrastructure is exploding.
• Investors cheered the news, pushing the stock’s three-week gain to 63%. Volatility? Absolutely. But in the AI trade, size of contracts matters more than smoothness of the ride.

💸 Big Clients, Big Numbers

• The Meta tie-up isn’t a one-off. CoreWeave also announced a $6.3 billion deal earlier this month with Nvidia NVDA, ensuring the chipmaker will buy any unsold cloud capacity through 2032. That backstop gives CoreWeave a floor under its revenue stream.
• Just last week, CoreWeave expanded its agreement with OpenAI by another $6.5 billion, bringing the total contract value to $22.4 billion. That fresh capacity will go toward training OpenAI’s “most advanced” next-gen models.
• In just weeks, CoreWeave has signed three megadeals that stack up to more than $42 billion in contracted revenue. For a company founded in 2017, that’s unicorn speed on steroids.

🖥️ What CoreWeave Actually Does

• CoreWeave specializes in GPU-as-a-service: renting high-performance graphics chips in the cloud so clients don’t have to build expensive data centers themselves. It’s basically the pick-and-shovel play for the AI gold rush.
• By securing long-term customers like Nvidia, Meta, and OpenAI, CoreWeave is positioning itself as a backbone provider of the AI economy — less flashy than model builders, but arguably more indispensable.
• Still, the company’s meteoric rise makes it one of the most volatile tickers in the space. Traders love the growth story, but volatility is the price of admission here.