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Coreweave (CRWV) just announced a $21 billion long-term agreement with Meta Platforms (META), offering its AI cloud capacity to the company through December 2032. The company had already had an existing agreement with Meta Platforms in place from last year, valued at $14.2 billion through 2031, while the new agreement is set to utilize Nvidia’s (NVDA) Vera Rubin platform.
This latest agreement with Meta once again proves how reliable CoreWeave’s AI cloud offerings continue to be. The firm already works with Microsoft (MSFT), which is its largest client. In September 2025, CoreWeave also signed a $6.5 billion agreement with OpenAI. Despite all of the success, though, CRWV stock is still down 40% from its June 2025 highs, warranting further investigation into why shares have struggled to regain prior footing.