CoreWeave (CRWV) Climbs 11.7% on $14-Billion Meta Deal

We recently published 11 Stocks Crushing Wall Street With Whopping Gains. CoreWeave, Inc. (NASDAQ:CRWV) is one of the top performers on Tuesday.

CoreWeave soared by 11.7 percent on Tuesday to end at $136.85 apiece after striking a new $14 billion dollar deal with Facebook owner, Meta Platforms Inc.

In a regulatory filing last week, CoreWeave, Inc. (NASDAQ:CRWV) said Meta committed to pay $14.2 billion for the supply of computing power, with an option to extend the contract through 2032.

The agreement followed CoreWeave, Inc.’s (NASDAQ:CRWV) separate $6.5 billion deal with OpenAI to power the training of its most advanced next-generation models, bringing its total contract with the latter to $22.4 billion.

In March 2025, CoreWeave, Inc. (NASDAQ:CRWV) announced an initial agreement with OpenAI with a contract value up to $11.9 billion, followed by an expanded agreement worth up to $4 billion in May 2025.

Also last month, CoreWeave, Inc. (NASDAQ:CRWV) announced a £1.5 billion commitment to powering UK AI innovation and growth, as well as the launch of CoreWeave Ventures, a new initiative committed to backing founders and companies developing the platforms and technologies shaping the AI ecosystem.

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Disclosure: None. This article is originally published at Insider Monkey.