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CoreWeave Inc. (CRWV) shares soared more than 8% in Thursday’s pre-market trade after the company announced an expanded $21 billion deal with Meta Platforms Inc. (META).
In a joint announcement, CoreWeave stated that it will provide AI cloud capacity to Meta through December 2032 for about $21 billion.
CoreWeave will allocate capacity for Meta across multiple locations and will include some of the initial deployments of Nvidia Corp.’s (NVDA) Vera Rubin platform.
Retail sentiment on Stocktwits about CoreWeave trended in the ‘neutral’ territory, while CRWV was the second most trending ticker on the platform at the time of writing.
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