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CoreWeave (CRWV) will release its first-quarter financial results on Thursday, May 7. CRWV stock has witnessed a sharp rally this year, rising by more than 70% in the past month alone. The significant jump ahead of CoreWeave's earnings release is being driven by growing confidence that the company is well-positioned to capitalize on accelerating demand for artificial intelligence (AI) infrastructure — and on recent large-scale, long-term commercial agreements with Meta Platforms (META) and Anthropic.
CoreWeave recently expanded its partnership with Meta, committing to provide AI cloud capacity through the end of 2032. Valued at roughly $21 billion, the deal significantly deepens its partnership with the tech giant and provides long-duration revenue visibility.
