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CoreWeave Extends Hot Streak With Meta's $14 Billion Cloud Deal
Yahoo Finance·2025-09-30 13:55

CoreWeave Inc. (NASDAQ:CRWV) surged after it disclosed in a regulatory filing that it has entered into a multibillion-dollar agreement with Meta Platforms Inc. (NASDAQ:META) for cloud computing capacity valued at up to 14.2billion.Accordingtoan8−KfilingwiththeSEC,theagreementwasexecutedonSeptember25underthecompanies′existingMasterServicesAgreement,effectiveasofDecember2023.Metahascommittedtopaymentsofapproximately14.2 billion. According to an 8-K filing with the SEC, the agreement was executed on September 25 under the companies' existing Master Services Agreement, effective as of December 2023. Meta has committed to payments of approximately 14.2 billion through December 14, 2031, with the opti ...