CoreWeave (CRWV) and Meta Platforms (META) stocks climbed Thursday after the two companies announced a $21 billion AI cloud infrastructure deal. The agreement expands on a prior $14.2 billion partnership signed in September 2025, which now commits Meta to paying CoreWeave for dedicated cloud computing capacity until 2032.
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Trade CRWV with leverageCRWV and META Stocks Surge After $21 Billion Deal
The CRWV stock jumped 7% in pre-market trading to $95.13 after the announcement, with gains reaching as much as 8% on the session. The move brings CRWV’s year-to-date gain to 24%, placing the stock well above its $40 IPO price from March 2025. Although the stock rallied higher, its price has quickly reversed some gains, declining by over 3% as of writing.
In contrast, META’s price saw a notable 2% uptick hours after the news, jumping from $616 to $625 at the time of writing. This increase extends the stock’s gains over the last five days, bringing the total to more than 12.6%, according to TipRanks data.
Meta Expands CoreWeave Partnership to 2032
Meta and CoreWeave’s new agreement places the AI cloud provider and the social media giant in a long-term service contract from 2027 to 2032. Meta will pay for access rather than ownership, with the updated $21 billion deal raising the total value by nearly 50% from the prior terms.
Under this new agreement, CoreWeave will supply AI cloud infrastructure across various locations to support Meta’s development and AI systems. The deal includes some of the first deployments of Nvidia’s (NVDA) Vera Rubin platform, with the setup created to improve performance and scalability for Meta’s AI operations.
CoreWeave Co-founder, CEO, and chair Michael Intrator said the deal is “another example that leading companies are choosing CoreWeave’s AI cloud to run their most demanding workloads”. The company also provides AI cloud infrastructure to major clients, including Alphabet (GOOGL), Microsoft (MSFT), and OpenAI.
Is CoreWeave a Good Buy?
TipRanks shows that CoreWeave (CRWV) stock holds a “Moderate Buy” rating from 22 analysts, with an average price target of roughly $115, implying about 35% upside from its recent price. Meanwhile, Meta has a “Strong Buy” consensus rating from 45 analysts, with an average price target of about $847, implying more than 35% upside. Investors who need more information on both stocks can track their performance, ratings, and price targets on the TipRanks’ Stocks Comparison Center.
