CoreWeave Secures $14.2 Billion Meta Deal, Extends AI Compute Dominance

CoreWeave's shares surged as much as 16.4% after disclosing a $14.2 billion cloud computing agreement with Meta, extending through 2031 with optional expansion into 2032. The deal grants Meta reserved access to CoreWeave's AI GPU capacity, reinforcing the hyperscaler's position in high-performance compute markets.

This follows CoreWeave's recent $6.5 billion capacity expansion with OpenAI, creating back-to-back multibillion-dollar commitments through 2031. The consecutive deals demonstrate accelerating demand for guaranteed AI infrastructure, with tech giants locking in multiyear capacity to secure scarce GPU resources.

Market reaction was immediate, with the stock maintaining a 13% gain by midday. Such announcements continue to MOVE shares rapidly as investors price in the long-term revenue visibility from these structured agreements.