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

CoreWeave (CRWV) stock jumped nearly 12% Tuesday after the company said it had inked a $14.2 billion long-term cloud deal with Meta (META). CoreWeave, an Nvidia-backed (NVDA) AI data center operator, will provide Meta access to Nvidia's GB300 server racks, according to Bloomberg, which first reported news of the deal. Each of those server racks contains 72 of the chipmaker's Blackwell AI GPUs (graphics processing units). "They loved our infrastructure in earlier contracts and came back for more," CoreWe ...