CoreWeave stock surges as reported $14 billion Meta deal signals 'limitless' AI demand

CoreWeave (CRWV) stock jumped more than 14% Tuesday after Bloomberg reported that the company has inked a $14.2 billion deal with Meta (META). CoreWeave, the Nvidia-backed (NVDA) AI data center operator, will provide Meta access to Nvidia 's (NVDA) GB300 server racks — which contain 72 of the chipmaker’s Blackwell AI GPUs (graphics processing units). “They loved our infrastructure in earlier contracts and came back for more,” CoreWeave CEO Michael Intrator told Bloomberg in an interview. CoreWeave and ...