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Benzinga
Benzinga
Business
Akanksha Bakshi

CoreWeave Extends Hot Streak With Meta's $14 Billion Cloud Deal

CoreWeave CRWV Meta OpenAI Nvidia SEC
CoreWeave's Market Divide

CoreWeave Inc. (NASDAQ:CRWV) surged after it disclosed in a regulatory filing that it has entered into a multibillion-dollar agreement with Meta Platforms Inc. (NASDAQ:META) for cloud computing capacity valued at up to $14.2 billion.

According to an 8-K filing with the SEC, the agreement was executed on September 25 under the companies' existing Master Services Agreement, effective as of December 2023.

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