CoreWeave Inc. has announced a landmark $14.2 billion deal with Meta Platforms to enhance its AI computing capabilities, sending its stock soaring over 14%. This agreement signifies a decisive shift from Microsoft and robust partnership with Nvidia. Following a streak of previous investments including a $6 billion commitment from Jane Street and a $2 billion infusion from Nvidia, CoreWeave is positioned at the frontlines of the burgeoning AI cloud market. The company boasts a backlog of $67 billion and aims to double its operational capacity by 2026, while maintaining impressive revenue growth amid an evolving AI landscape.
Click a month on the chart to update the report below.
.jpg&width=160)
