Michael Intrator, Chief Executive Officer of CoreWeave Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 22, 2025.
Jeenah Moon | Reuters
Shares of CoreWeave popped more than 10% in premarket trading on Tuesday after the company announced it has agreed to provide Meta with $14.2 billion of artificial intelligence cloud infrastructure.
CoreWeave has been on a deal-making blitz as big tech companies and AI startups race to build out their computing infrastructure. Tuesday’s announcement comes just days after CoreWeave expanded its agreement with OpenAI by $6.5 billion, bringing the total contract to $22.4 billion.
“The agreement underscores that behind every AI breakthrough are the partnerships that make it possible,” a CoreWeave spokesperson said in a statement about the Meta deal on Tuesday.
Meta did not immediately respond to CNBC’s request for comment. Bloomberg was first to report the deal.
CoreWeave primarily generates revenue by building and renting out data centers that are full of Nvidia‘s graphics processing units, which are key for training models and running large AI workloads. The company has become a crucial player in an increasingly interconnected web of AI infrastructure partners.
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