Key Points CoreWeave equips its data centers with graphics processing units and rents time on them out to companies looking to run artificial intelligence applications. On Tuesday morning, CoreWeave announced a $14.2 billion deal to provide cloud computing capacity to Meta Platforms. As long as companies keep spending on AI infrastructure, CoreWeave should benefit. 10 stocks we like better than CoreWeave › Shares of cloud infrastructure player CoreWeave (NASDAQ: CRWV) were trading 15% higher as o ...

(Reuters) - CoreWeave has signed a $6.3 billion initial order with backer Nvidia, the data center operator said on Monday, in a deal that guarantees that the AI chipmaker will purchase any cloud capacity not sold to customers. Shares of CoreWeave rose 8% as the deal cements the company's position as a key Nvidia cloud partner and cushions it against any potential decline in demand for AI computing capacity. CoreWeave operates AI data centers in the U.S. and Europe, offering access to Nvidia's GPUs, which ...