CoreWeave Expands OpenAI Partnership with $6.5 Billion Deal, Highlighting AI Industry's Massive Computational Demands

CoreWeave deal with OpenAI now worth $22.4 billion -- another $6.4 billion of AI data center capacity added

OpenAI has its checkbook open and is writing one to everyone who can provide datacenter capacity. Every time a new day dawns in the world of AI, billions of dollars change hands in massive deals. The latest arrangement is by CoreWeave, signing up to provide AI datacenter capacity to OpenAI, to the tune of a cool $6.5 billion. This collaboration is the second expansion of an existing agreement. The initial deal was struck in March for $11.9 billion, and later revised in May for an additional $4 billion. Adding up today's contract, the partnership totals $22.4 billion. This is yet another aggressive expansion play on behalf of OpenAI, which has been cutting deals left, right, and center for as much computing power as it can get its proverbial hands on. Sam Altman's venture intends to build a massive datacenter infrastructure, but as fast-moving as the AI business is, presumably it'll take whatever it can rent right this second, as illustrated by today's CoreWeave deal. If the CoreWeave name rings unfamiliar, it's because the company has only been making headlines fairly recently. It started out as Atlantic Crypto and invested in Ethereum mining, pivoting to renting out its GPU infrastructure to other companies. It continued to invest heavily in high-end Nvidia GPUs, a move that paid dividends around 2022, when almost every newcomer in the AI space needed the processing capacity that CoreWeave could provide. After continued expansion and investment (including from Nvidia), CoreWeave inked a $2.3 billion debt financing deal using its H100 GPUs as collateral, in a world-first move. The company was also the first to deploy Nvidia's Blackwell GB200 (NVL72) rack units. CoreWeave currently has dozens of datacenters, mainly around the U.S., plus five locations in Europe. Microsoft is still by far its largest customer, accounting for around 70% of its revenue in the June 2025 filings. That statement might be a bit puzzling, but it makes sense considering that CoreWeave's main business has been AI-specific datacenters and services almost from the ground up. This is in contrast to familiar names in the cloud computing industry like Amazon Web Services, Google Cloud, IBM Cloud, Oracle, and even Microsoft's own Azure.

Exclusive: CoreWeave expands OpenAI pact with new $6.5 billion contract

Sept 25 (Reuters) - AI cloud provider CoreWeave has expanded its partnership with OpenAI in a new deal worth up to $6.5 billion, bringing the total value of their agreements to $22.4 billion, the latest in a series of billion-dollar deals OpenAI has signed to secure computational power. The agreement marks the third major expansion of the partnership between the two companies this year. The company behind ChatGPT struck an initial cloud deal with CoreWeave in March worth up to $11.9 billion, followed by a $4 billion add‑on in May. The latest addition shows the deepening relationship between the two companies as OpenAI seeks multiple partners to help with an unprecedented datacenter buildout to meet its growing computational demands. The announcement follows major updates to OpenAI's infrastructure project "Stargate". OpenAI said Tuesday it will open three new sites with Oracle, its cloud partner with a $300 billion deal over the next few years, and build two additional data centers with SoftBank. "The combined capacity from these five new sites -- along with our flagship site in Abilene, Texas, and ongoing projects with CoreWeave -- brings Stargate to nearly 7 gigawatts of planned capacity and over $400 billion in investment over the next three years," OpenAI said in a blog post. OpenAI has said Stargate aims to secure a total of 10 gigawatts of capacity through an investment that could reach $500 billion. The wave of agreements underscores the convergence of interests among major tech companies developing advanced AI and raises questions about "circular" financing across the industry and whether capital will continue to flow. Nvidia said earlier this week it will invest up to $100 billion in OpenAI and supply data‑center chips, marking a tie‑up between two of the highest‑profile players in the AI race. The Nvidia and OpenAI deal gives the chipmaker a financial stake in one of its biggest customers and has prompted antitrust concerns. Nvidia has also invested in CoreWeave and owns more than 5% of the company. CoreWeave, in turn, made substantial purchases of Nvidia hardware and signed a $6.3 billion initial order with Nvidia this month, in a deal that guarantees the chipmaker will purchase any cloud capacity not sold to customers. Reporting by Krystal Hu in San Francisco, Editing by Louise Heavens Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Artificial Intelligence Krystal Hu Thomson Reuters Krystal reports on venture capital and startups for Reuters. She covers Silicon Valley and beyond through the lens of money and characters, with a focus on growth-stage startups, tech investments and AI. She has previously covered M&A for Reuters, breaking stories on Trump's SPAC and Elon Musk's Twitter financing. Previously, she reported on Amazon for Yahoo Finance, and her investigation of the company's retail practice was cited by lawmakers in Congress. Krystal started a career in journalism by writing about tech and politics in China. She has a master's degree from New York University, and enjoys a scoop of Matcha ice cream as much as getting a scoop at work.

CoreWeave inks $6.5 billion deal with OpenAI

The new agreement brings the AI cloud infrastructure provider's total contracts with OpenAI to $22.5 billion. "This milestone affirms the trust that world-leading innovators have in CoreWeave's ability to power the most demanding inference and training workloads at an unmatched pace," CoreWeave CEO Michael Intrator said in a statement. In March, CoreWeave announced an $11.9-billion agreement with OpenAI to provide AI datacenters and technology over five years. Intrator told CNBC in May that the companies expanded the agreement by $4 billion. CoreWeave, which went public in March, makes money by renting out data centers packed with numerous Nvidia graphics processing units. The company is backed by Nvidia and makes a significant chunk of its revenue from Microsoft, which is a key investor in OpenAI. Earlier this month, CoreWeave's share price popped after the company disclosed a $6.3 billion order from Nvidia.

CoreWeave expands OpenAI Deals to as much as $34b

Gift 5 articles to anyone you choose each month when you subscribe. CoreWeave expanded its agreements to supply data center capacity to OpenAI by as much as $US6.5 billion ($9.9 billion) to $US22.4 billion, the latest deal to underscore the immense demand for AI computing power. The agreement will power the training of OpenAI's "most advanced next-generation models", CoreWeave said in a statement. CoreWeave had announced an initial pact with OpenAI in March for as much as $US11.9 billion in business and followed that in May with a deal worth as much as $US4 billion.

Why CoreWeave Just Landed Another $6.5 Billion OpenAI Contract

AI cloud provider CoreWeave has expanded its partnership with OpenAI in a new deal worth up to $6.5 billion, bringing the total value of their agreements to $22.4 billion, the latest in a series of billion-dollar deals OpenAI has signed to secure computational power. The agreement marks the third major expansion of the partnership between the two companies this year. The company behind ChatGPT struck an initial cloud deal with CoreWeave in March worth up to $11.9 billion, followed by a $4 billion add‑on in May. The latest addition shows the deepening relationship between the two companies as OpenAI seeks multiple partners to help with an unprecedented datacenter buildout to meet its growing computational demands. The announcement follows major updates to OpenAI's infrastructure project "Stargate". OpenAI said Tuesday it will open three new sites with Oracle, its cloud partner with a $300 billion deal over the next few years, and build two additional data centers with SoftBank. CoreWeave's shares pared losses in premarket trading and were down about 4%. Reuters was first to report the news. "The combined capacity from these five new sites -- along with our flagship site in Abilene, Texas, and ongoing projects with CoreWeave -- brings Stargate to nearly 7 gigawatts of planned capacity and over $400 billion in investment over the next three years," OpenAI said in a blog post. OpenAI has said Stargate aims to secure a total of 10 gigawatts of capacity through an investment that could reach $500 billion. The wave of agreements underscores the convergence of interests among major tech companies developing advanced AI and raises questions about "circular" financing across the industry and whether capital will continue to flow. Nvidia said earlier this week it will invest up to $100 billion in OpenAI and supply data‑center chips, marking a tie‑up between two of the highest‑profile players in the AI race. The Nvidia and OpenAI deal gives the chipmaker a financial stake in one of its biggest customers and has prompted antitrust concerns. Nvidia has also invested in CoreWeave and owns more than 5 percent of the company. CoreWeave, in turn, made substantial purchases of Nvidia hardware and signed a $6.3 billion initial order with Nvidia this month, in a deal that guarantees the chipmaker will purchase any cloud capacity not sold to customers. (Reporting by Krystal Hu in San Francisco, additional reporting by Akash Sriram in Bengaluru, Editing by Louise Heavens)

CRWV stock jumps 14% as CoreWeave lands $14.2B Meta AI deal powering next-gen cloud with Nvidia GB300

CoreWeave just scored a huge $14.2 billion deal with Meta. On September 30, 2025, CoreWeave shares surged over 14%, reaching a price of approximately $138.62 on NASDAQ. CoreWeave's stock has shown significant volatility this year, with a 52-week range from about $33.52 to $187.00. CoreWeave's stock jumped sharply after the company announced a landmark $14.2 billion deal with Meta Platforms. This deal will last until December 14, 2031, with an option to extend into 2032. CoreWeave will provide Meta with advanced computing power needed for artificial intelligence projects. The deal includes access to Nvidia's newest GB300 systems, which are among the most powerful AI cloud systems available. In premarket trading, CoreWeave's shares rose by 14%. Earlier, the stock had already gained 8%. Since its IPO in March, CoreWeave's stock has more than tripled. Investors are excited as demand for AI infrastructure grows across the tech sector. CoreWeave specializes in high-performance computing for AI and cloud services. The deal will supply Meta with resources for running advanced AI models. Experts say this is a strong sign of long-term growth potential for the company. Currently, CoreWeave's stock is priced at $139.02. The intraday high reached $141.9, while the low was $121.48. Trading volume was 21.2 million shares as of September 30, 2025. Analysts note that the Meta deal is a major catalyst for CoreWeave's rising valuation. CoreWeave's CEO, Michael Intrator, said Meta appreciated their infrastructure from earlier contracts and returned for more support. This deal follows a recent multi-billion dollar expansion CoreWeave signed with OpenAI to meet AI computing needs. CoreWeave's stock jumped over 10% in premarket trading after the announcement, reflecting investor confidence in the deal. The agreement will help Meta strengthen its AI infrastructure for developing advanced models and expanding its AI capabilities. This is part of Meta's broader push to invest heavily in AI and data center capacity, with capital spending expected to reach tens of billions this year. CoreWeave also benefits by diversifying its revenue beyond Microsoft, which had been its largest customer. The Meta agreement also helps CoreWeave diversify its client base beyond Microsoft. Previously, Microsoft accounted for a significant portion of the company's revenue. Adding Meta strengthens CoreWeave's position and spreads risk, showing that the company can attract multiple high-profile clients in the competitive AI cloud computing industry. In addition to Meta, CoreWeave has expanded its partnership with OpenAI through a new contract worth up to $6.5 billion. This raises the total value of its collaboration with OpenAI to $22.4 billion this year. These strategic deals reinforce CoreWeave's growing reputation as a leading provider of AI-focused computing infrastructure. CoreWeave stock surged strongly today, September 30, 2025, rising about 14.27% and closing near $140 per share on NASDAQ. The stock jumped $17.48 from the previous close of $122.52. Intraday, it ranged between roughly $133.22 and $141.94. This spike is linked to the announcement of a $14.2 billion AI infrastructure deal with Meta that will run through 2031, signaling strong investor confidence. CoreWeave has now seen an impressive 235% gain in its stock value so far in 2025. The company is recognized for providing AI-focused cloud computing services using cutting-edge Nvidia technology, and this deal positions it as a key player in powering Meta's ambitious AI projects. Investors are also reacting to the timing. With AI technologies expanding rapidly across multiple industries, companies that can provide the specialized infrastructure to support these models are seeing growing demand. CoreWeave's partnership with Meta puts it in a prime position to capitalize on this trend, fueling optimism in the stock market. The market response shows that shareholders see this agreement as a game-changer. Premarket trading activity indicates strong demand for CoreWeave shares, signaling confidence in the company's growth prospects. The Meta deal represents a huge boost for CoreWeave's business. It is a contract valued at up to $14.2 billion to provide Meta with AI cloud computing power through 2031, with an option to extend into 2032. This deal reinforces CoreWeave's role as a critical partner in delivering the high-performance infrastructure Meta needs to develop and scale its artificial intelligence projects. It also represents a diversification of CoreWeave's client base. Previously, Microsoft was CoreWeave's largest customer, accounting for a significant portion of its revenue. By bringing Meta into the fold, CoreWeave spreads its risk and strengthens its position in the highly competitive cloud computing and AI infrastructure market. The deal also demonstrates CoreWeave's technical capabilities. Meta requires massive computing power to run advanced AI models, and CoreWeave's infrastructure, powered by Nvidia GPUs, meets this demand. This makes CoreWeave a trusted partner for some of the largest tech companies in the world. Overall, the Meta contract is more than just a financial win. It signals that CoreWeave is capable of supporting large-scale AI deployments, which is a strong vote of confidence from a major tech leader. CoreWeave has also been expanding its partnership with OpenAI. Recently, the company secured a new contract with OpenAI worth up to $6.5 billion. This brings the total value of CoreWeave's collaboration with OpenAI to $22.4 billion this year, highlighting the company's growing influence in the AI infrastructure space. By working with multiple high-profile clients like Meta and OpenAI, CoreWeave is positioning itself as a central player in AI computing. This dual focus not only boosts revenue potential but also reinforces CoreWeave's credibility in handling complex AI workloads for some of the most advanced technologies in the market. The expansion with OpenAI also reflects the increasing demand for specialized AI data centers. As AI models become more sophisticated, traditional cloud computing services may struggle to keep up. CoreWeave's AI-focused infrastructure gives it a competitive advantage, attracting more clients seeking reliable, high-performance computing solutions. With these partnerships, CoreWeave is not just a cloud computing company -- it is becoming a critical backbone for AI innovation globally. Analysts are largely optimistic about CoreWeave's growth prospects. Some have set target prices suggesting the stock could rise another 40% over the next year. This optimism is based on the company's ability to secure long-term, high-value contracts and its growing reputation as a reliable AI infrastructure provider. However, analysts also note certain risks. CoreWeave's reliance on large clients like Microsoft, Meta, and OpenAI means that any loss of a key customer could significantly impact revenue. Additionally, the company faces rising capital expenditures to expand its data centers and maintain cutting-edge technology. Another consideration is the rapid evolution of hardware. CoreWeave relies heavily on Nvidia GPUs, and with frequent updates in AI computing hardware, there is a risk of obsolescence. Keeping up with the latest technology requires ongoing investment, which could affect margins. Despite these challenges, the consensus is that CoreWeave's growth potential outweighs the risks. Investors see the company as well-positioned to benefit from the global surge in AI adoption and the increasing need for specialized computing infrastructure.

CoreWeave Extends Hot Streak With Meta's $14 Billion Cloud Deal - CoreWeave (NASDAQ:CRWV), Meta Platforms (NASDAQ:META)

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. Meta has committed to payments of approximately $14.2 billion through December 14, 2031, with the option to significantly expand the order through 2032. Also Read: CoreWeave Expands Agreement With OpenAI To Train Next-Gen Models CoreWeave will provide reserved capacity orders, subject to delivery and service availability requirements. The agreement includes provisions for termination, indemnification, and limitations of liability. The company determined that the Master Services Agreement qualifies as a material definitive agreement under SEC rules. It will remain effective until all orders are fulfilled, expired, or terminated in accordance with its terms. Part Of Larger Growth Push The new contract builds on CoreWeave's rapid expansion in 2025 as demand for artificial intelligence infrastructure accelerates. Earlier this year, the company announced a $6.3 billion arrangement with Nvidia (NASDAQ:NVDA) to purchase unused cloud capacity through 2032. It also expanded its agreement with OpenAI by up to $6.5 billion, in addition to an earlier $11.9 billion commitment. Since its March IPO, CoreWeave's shares have more than tripled, lifted by contracts with Microsoft (NASDAQ:MSFT), Nvidia, OpenAI, and now Meta. However, trading has been volatile. In August, insiders sold shares as lock-up restrictions expired, even as institutional investors added positions. Analysts tracked by Benzinga list price forecasts ranging widely, from below current levels to as high as $200 per share, with consensus near $127. Price Action: CRWV shares were trading higher by 15.20% to $141.14 at last check Tuesday. META was down 1.53%. Read Next: QuantumScape Teams Up With Corning To Boost Next-Gen Battery Production Photo by T. Schneider via Shutterstock CRWVCoreWeave Inc$138.1512.8%OverviewMETAMeta Platforms Inc$732.70-1.44%MSFTMicrosoft Corp$512.23-0.46%NVDANVIDIA Corp$182.960.61%Market News and Data brought to you by Benzinga APIs

CoreWeave Stock Soars on $14 Billion Meta Deal -- Wall Street Says the Nvidia-Backed AI Stock Is Still a Buy | The Motley Fool

A regulatory filing made September 30 shows neocloud CoreWeave (CRWV 0.13%) signed a deal to provide Meta Platforms with $14.2 billion in computing power through 2031, with an option to extend through 2032. The deal will furnish Meta with access to Nvidia GB300 NVL72 systems, the very bleeding edge of artificial intelligence (AI) infrastructure. Meta has been a CoreWeave customer since December 2023, so the new agreement is a clear sign the social media giant is more than satisfied with services rendered in the past. "They loved our infrastructure in earlier contracts and came back for more," CoreWeave CEO Michael Intrator told Bloomberg. CoreWeave shares advanced nearly 12% on the news, but most Wall Street analysts still believe the stock is undervalued. Among 29 forecasts, the median target price is $157 per share. That implies 16% upside from the current share price of $136. Read on to learn more about this Nvidia-backed AI stock. CoreWeave is part of an emerging class of cloud services providers known as neoclouds, sometimes called GPU clouds. The company offers infrastructure and software services similar to traditional clouds, but its data center infrastructure is specifically designed for artificial intelligence (AI) workloads, including training AI models and developing AI applications. Research firm SemiAnalysis recently ranked CoreWeave as the technology leader in AI cloud services, not only scoring its platform above competing neoclouds like Nebius, but also above traditional clouds like Amazon, Microsoft, and Alphabet. The analysts attributed their decision to CoreWeave's technical expertise and unmatched performance, as well as its close relationship with Nvidia. Specifically, CoreWeave is the only neocloud capable of consistently and reliably operating clusters of 10,000+ GPUs and the company has consistently set performance records at the MLPerf benchmarks, standardized tests that evaluate AI systems across training and inference. Analysts wrote, "CoreWeave is clearly leading in providing the best GPU cloud experience." Those qualities, coupled with its close partnership with Nvidia -- which affords CoreWeave early access to the latest GPUs -- have helped the company win major customers like Meta Platforms, Microsoft, Alphabet, and IBM. Further, CoreWeave recently announced a $6.3 billion deal with Nvidia, and it expanded an existing arrangement with OpenAI to bring the total contract value to $22.4 billion. CoreWeave reported tremendous financial results in the second quarter. Revenue soared 207% to $1.2 billion and non-GAAP operating income increased 135% to $200 million. The company also said its revenue backlog increased 86% due to expanded deals with OpenAI and an unnamed hyperscale company. However, investors should be aware that CoreWeave has taken on a substantial amount of debt. Data center infrastructure is expensive, especially when the infrastructure is built for artificial intelligence. Interest expense on debt consumed more than 20% of revenue in the second quarter, and that figure could increase in the future. CoreWeave is spending aggressively to expand its data center capacity across the U.S. and Europe in an effort to keep pace with soaring demand. Consequently, management says capital expenditures (capex) will land between $20 billion and $23 billion in 2025, marking a substantial acceleration from $8.7 billion in 2024 and $2.9 billion in 2023. CoreWeave only takes on debt when customer demand creates a need for more capacity, and only when a signed contract completely covers the cost of the debt. But even under those conditions, Gil Luria at DA Davidson sees a problem. "Their interest expense is higher than their operating income, which means they aren't generating enough profit to pay their debt holders," he told Yahoo Finance. Having said that, Nvidia evidently has a great deal of confidence in CoreWeave because 91% of its $4.3 billion portfolio is invested in the company. Additionally, Wall Street thinks CoreWeave's revenue will increase at 91% annually through 2027. That makes the current valuation of 15 times sales seem reasonable. Risk-tolerant investors should think about buying a position.

CoreWeave expands OpenAI pact with new $6.5 billion contract - The Economic Times

The agreement marks the third major expansion of the partnership between the two companies this year. The company behind ChatGPT struck an initial cloud deal with CoreWeave in March worth up to $11.9 billion, followed by a $4 billion add-on in May.AI cloud provider CoreWeave has expanded its partnership with OpenAI in a new deal worth up to $6.5 billion, bringing the total value of their agreements to $22.4 billion, the latest in a series of billion-dollar deals OpenAI has signed to secure computational power. The agreement marks the third major expansion of the partnership between the two companies this year. The company behind ChatGPT struck an initial cloud deal with CoreWeave in March worth up to $11.9 billion, followed by a $4 billion add-on in May. The latest addition shows the deepening relationship between the two companies as OpenAI seeks multiple partners to help with an unprecedented datacenter buildout to meet its growing computational demands. The announcement follows major updates to OpenAI's infrastructure project "Stargate". OpenAI said Tuesday it will open three new sites with Oracle, its cloud partner with a $300 billion deal over the next few years, and build two additional data centers with SoftBank. "The combined capacity from these five new sites-along with our flagship site in Abilene, Texas, and ongoing projects with CoreWeave-brings Stargate to nearly 7 gigawatts of planned capacity and over $400 billion in investment over the next three years," OpenAI said in a blog post. OpenAI has said Stargate aims to secure a total of 10 gigawatts of capacity through an investment that could reach $500 billion. The wave of agreements underscores the convergence of interests among major tech companies developing advanced AI and raises questions about "circular" financing across the industry and whether capital will continue to flow. Nvidia said earlier this week it will invest up to $100 billion in OpenAI and supply data-center chips, marking a tie-up between two of the highest-profile players in the AI race. The Nvidia and OpenAI deal gives the chipmaker a financial stake in one of its biggest customers and has prompted antitrust concerns. Nvidia has also invested in CoreWeave and owns more than 5% of the company. CoreWeave, in turn, made substantial purchases of Nvidia hardware and signed a $6.3 billion initial order with Nvidia this month, in a deal that guarantees the chipmaker will purchase any cloud capacity not sold to customers.

AI Hyperscaler CoreWeave Signs $14.2 Billion Deal With Meta | PYMNTS.com

"Future AI innovations will be far bigger than they are today, so we're building for them now," CoreWeave said in a Tuesday (Sept. 30) post on LinkedIn. "We're expanding our partnership with Meta through a new long-term agreement worth up to $14.2 billion. Together, we're paving the way today to unlock AI's full promise tomorrow." In a Tuesday Bloomberg report to which the post linked, CoreWeave said that the deal involves it supplying Meta with computing power to develop and run AI models. The deal runs through December 2031 and can be extended through 2032 with additional capacity, according to the report. It helps CoreWeave's efforts to diversify its business. Before this deal, as of the quarter ended in June, 71% of the company's revenue came from its largest customer, Microsoft, the report said. "When we came out in the IPO, we got dinged because of our customer concentration," CoreWeave CEO Michael Intrator told Bloomberg, referring to the company's March initial public offering. "This is clearly a step in the right direction for diversification." CoreWeave announced its expanded agreement with OpenAI on Thursday (Sept. 25), saying the new deal is worth up to $6.5 billion and brings the total contract value to $22.4 billion. The companies inked a partnership earlier in the year, with CoreWeave agreeing to power OpenAI's training of its most advanced AI models. "We are proud to expand our relationship with OpenAI, a company consistently at the forefront of advancing artificial intelligence," Intrator said at the time in a press release. "This milestone affirms the trust that world-leading innovators have in CoreWeave's ability to power the most demanding inference and training workloads at an unmatched pace." CoreWeave was founded in 2017 as a cryptocurrency mining firm and evolved into an AI startup and cloud computing provider. It reported revenue of $1.9 billion in 2024, with a net loss of $863 billion.

CoreWeave Expands Agreement With OpenAI To Train Next-Gen Models - CoreWeave (NASDAQ:CRWV)

CoreWeave Inc (NASDAQ: CRWV) shares are volatile Thursday morning after the company announced an expanded agreement with OpenAI. What To Know: CoreWeave announced a deal valued at up to $6.5 billion to expand its agreement with OpenAI to power the training of its next-generation models. CoreWeave previously announced an agreement with OpenAI in March valued at up to $11.9 billion. The companies announced a follow-on agreement worth up to $4 billion in May. With Thursday's deal, the company now has a total contract value with OpenAI of approximately $22.4 billion. "We are proud to expand our relationship with OpenAI, a company consistently at the forefront of advancing artificial intelligence," said Michael Intrator, co-founder, chairman and CEO of CoreWeave. "This milestone affirms the trust that world-leading innovators have in CoreWeave's ability to power the most demanding inference and training workloads at an unmatched pace." How To Buy CRWV Stock By now you're likely curious about how to participate in the market for CoreWeave - be it to purchase shares, or even attempt to bet against the company. Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy "fractional shares," which allows you to own portions of stock without buying an entire share. If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to "go short" a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading - either way it allows you to profit off of the share price decline. CRWV Price Action: CoreWeave shares were up 2.23% at $136.38 at the time of publication Thursday, according to Benzinga Pro. CRWVCoreWeave Inc $129.47-2.95% Overview Market News and Data brought to you by Benzinga APIs

Why Shares of CoreWeave Are Soaring Today | The Motley Fool

Shares of cloud infrastructure player CoreWeave (CRWV 12.90%) were trading 15% higher as of 10:50 a.m. ET Tuesday. The stock price jump came after the company announced a new $14.2 billion deal with Meta Platforms. In a regulatory filing Tuesday morning, CoreWeave announced that it had expanded its deal with Meta Platforms: It will provide cloud computing capacity to the social media giant through 2031 for $14.2 billion. Meta also has "the option to materially expand its commitment through 2032 for additional cloud computing capacity under the Order Form." CoreWeave builds and operates data centers equipped with the latest graphics processing units (GPUs) from Nvidia, and rents out capacity on its machines largely to companies that use it to power and train artificial intelligence (AI) applications. Many of the hyperscalers in the "Magnificent Seven" have high demand for this type of processing capacity. "The agreement underscores that behind every AI breakthrough are the partnerships that make it possible," a CoreWeave spokesperson told CNBC. CoreWeave has had a good couple of weeks. It recently expanded its deal with OpenAI, the company behind ChatGPT, for an additional $6.5 billion. Meta CEO Mark Zuckerberg has previously vowed to spend hundreds of billions of dollars on new data centers to help power his company's AI ambitions. As long as companies keep spending on AI infrastructure, CoreWeave is going to benefit. How long the party will continue is another question. CoreWeave is fast approaching a $70 billion market cap, but it is not yet profitable and trades at about 13 times forward expected sales. It also has a debt-to-equity ratio of more than 8.3, which is high. All of this makes me a bit cautious on CoreWeave, despite the high-profile agreements it has signed recently. Due to the state of its balance sheet, its valuation, and the possibility of a slowdown in AI capital expenditures, I wouldn't recommend investing too much of your portfolio in the stock.

OpenAI-CoreWeave Partnership Grows to $22.4 Billion | PYMNTS.com

By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions. Earlier this year, CoreWeave inked a partnership with OpenAI to power the training of its most advanced models. On Thursday (Sept. 25), the companies agreed to a new deal worth up to $6.5 billion, bringing the total contract value to $22.4 billion. "We are proud to expand our relationship with OpenAI, a company consistently at the forefront of advancing artificial intelligence," Michael Intrator, Coreweave's co-founder, chairman and CEO, said in a news release. "This milestone affirms the trust that world-leading innovators have in CoreWeave's ability to power the most demanding inference and training workloads at an unmatched pace." The release notes that this expanded partnership follows the recent launch of CoreWeave Ventures, a new initiative to back AI founders and companies, and the firm's $2 billion commitment to AI projects in the UK. As for OpenAI, the company CEO Sam Altman this week used his personal blog to share his vision for AI. In a post titled "Abundant Intelligence," he called for the technology to become as universal as electricity and said providing it at scale will require industrial-level infrastructure supported by massive investment. "Our vision is simple: we want to create a factory that can produce a gigawatt of new AI infrastructure every week," Altman wrote. "The execution of this will be extremely difficult; it will take us years to get to this milestone and it will require innovation at every level of the stack, from chips to power to building to robotics. But we have been hard at work on this and believe it is possible." The vision is happening amid a rapid expansion of OpenAI's business. As PYMNTS reported, the company doubled its annual revenue to $12 billion in 2025, while also forecasting that it will burn through $115 billion through 2029. Aside from the CoreWeave deal, OpenAI recently reached some other notable agreements. For example, Nvidia has said it would invest up to $100 billion in OpenAI beginning next year, the largest private-company investment on record. In return, OpenAI will purchase millions of Nvidia's chips. In another recent development, Oracle inked a $300 billion cloud partnership with OpenAI, anchoring the company's next generation of infrastructure. "Together, these agreements highlight OpenAI's strategy to lock in compute and cloud resources on an unprecedented scale," PYMNTS wrote.

CoreWeave expands OpenAI pact with new US$6.5 billion contract, sees "the quarter of diversification"

Artifical intelligence (AI) cloud provider CoreWeave has expanded its partnership with OpenAI in a new deal worth up to US$6.5 billion, bringing the total value of their agreements to $22.4 billion, the latest in a series of billion-dollar deals OpenAI has signed to secure computational power. The agreement marks the third major expansion of the partnership between the two companies this year. The company behind ChatGPT struck an initial cloud deal with CoreWeave in March worth up to $11.9 billion, followed by a $4 billion add‑on in May. The latest addition shows the deepening relationship between the two companies as OpenAI seeks multiple partners to help with an unprecedented data-center buildout to meet its growing computational demands. The announcement follows major updates to OpenAI's infrastructure project "Stargate." OpenAI said Tuesday it will open three new sites with Oracle, its cloud partner with a $300 billion deal over the next few years, and build two additional data centers with SoftBank. CoreWeave shares rose as much as six per cent in early trading before paring gains to trade flat. Reuters was first to report the news. In an interview with Reuters, CEO Michael Intrator reiterated the continued AI infrastructure demand he is seeing from clients. "The market is incredibly behind on its ability to deliver the infrastructure that's being demanded. As an industry, we continue to underestimate the demand for things," Intrator said. He also described the expanded contract with OpenAI as a sign that CoreWeave is diversifying its revenue away from Microsoft, which was once OpenAI's exclusive infrastructure provider and accounted for 60 per cent of CoreWeave's revenue in 2024. "The opportunity to go about diversifying our clients with some really wonderful, well-known, creditworthy customers is very exciting. When I think about this quarter, this is the quarter of diversification for us," he added. OpenAI has said Stargate aims to secure a total of 10 gigawatts of capacity through an investment that could reach $500 billion. "The combined capacity from these five new sites -- along with our flagship site in Abilene, Texas, and ongoing projects with CoreWeave -- brings Stargate to nearly seven gigawatts of planned capacity and over $400 billion in investment over the next three years," OpenAI said in a blog post. The wave of agreements underscores the convergence of interests among major tech companies developing advanced AI and raises questions about "circular" financing across the industry and whether capital will continue to flow. Nvidia said earlier this week it will invest up to $100 billion in OpenAI and supply data‑center chips, marking a tie‑up between two of the highest‑profile players in the AI race. The Nvidia and OpenAI deal gives the chipmaker a financial stake in one of its biggest customers and has prompted antitrust concerns. Nvidia has also invested in CoreWeave and owns more than five per cent of the company. CoreWeave, in turn, made substantial purchases of Nvidia hardware and signed a $6.3 billion initial order with Nvidia this month, in a deal that guarantees the chipmaker will purchase any cloud capacity not sold to customers.

CoreWeave inks new multi-billion-dollar deal with OpenAI By Investing.com

Investing.com -- CoreWeave Inc (NASDAQ:CRWV) has entered into an expanded agreement with OpenAI worth up to $6.5 billion, the company announced Thursday, significantly reinforcing its role as a foundational infrastructure provider for advanced artificial intelligence workloads. The latest contract brings CoreWeave's total deal value with OpenAI to approximately $22.4 billion, up from the previous combined commitment of $15.9 billion. The agreement marks the third iteration of CoreWeave's collaboration with OpenAI, following an $11.9 billion arrangement in March 2025 and an additional $4 billion expansion in May. With this latest announcement, CoreWeave continues to position itself as an indispensable partner for AI compute-intensive tasks like model training and inference. "We are proud to expand our relationship with OpenAI, a company consistently at the forefront of advancing artificial intelligence," said Michael Intrator, CoreWeave's Co-Founder, Chairman and CEO. "This milestone affirms the trust that world-leading innovators have in CoreWeave's ability to power the most demanding inference and training workloads at an unmatched pace." The importance of infrastructure providers in the AI landscape has grown exponentially amid increasing demand for high-performance computing. "CoreWeave has become an important partner in OpenAI's broader infrastructure platform," said Peter Hoeschele, VP of Infrastructure and Industrial Compute at OpenAI. "By delivering compute at unmatched speed and scale, they're helping us advance the frontier of intelligence and ensure AI's benefits reach everyone." In parallel with its deepening relationship with OpenAI, CoreWeave has made strategic moves to expand its global footprint and ecosystem influence. This month, the company committed £1.5 billion to bolster AI innovation in the UK and launched CoreWeave Ventures to support startups building the foundation of tomorrow's AI technologies. Recent acquisitions of OpenPipe and Weights & Biases also signal CoreWeave's intent to broaden its capabilities up and down the stack. By integrating cutting-edge monitoring and development tools, the company aims to deliver more comprehensive solutions to its AI-focused clientele. Despite the positive news flow and contract momentum, CoreWeave's stock was dropping 3.1% in Thursday trading. Investors may be assessing the capital outlays and execution risks associated with such rapid expansion in a competitive and capital-intensive sector. Nevertheless, the latest agreement underscores CoreWeave's increasingly central role in the generative AI ecosystem. As large-scale AI models require massive compute infrastructure, the company is positioning itself at the intersection of hyperscale performance and operational agility.

CoreWeave Inks $14.2 Billion Deal With Meta for AI Cloud Infrastructure -- Update

CoreWeave inked an up to $14.2 billion contract with Meta Platforms to provide the social-media company with artificial-intelligence cloud infrastructure. CoreWeave's stock jumped almost 15% to $140.79 in morning trading Tuesday on the disclosure. Shares have surged since March, when the New Jersey-based company priced its initial public offering at $40 a share, fueled by a series of high-profile contract wins and upbeat earnings reports. The cloud-computing contract with Meta will go through 2031, though Meta will have an option to extend the commitment for an additional year, according to a recent filing with the Securities and Exchange Commission. "The agreement underscores that behind every AI breakthrough are the partnerships that make it possible," CoreWeave said, noting that it continues to win customers for its purpose-built AI cloud and technical expertise. The Meta deal comes after CoreWeave last week expanded a previous agreement to supply data-center capacity to OpenAI, bringing the total value of that contract to $22.4 billion. And that deal came on the heels of CoreWeave securing a new order for cloud-computing capacity under a previously undisclosed contract with Nvidia worth up to $6.3 billion. Soaring AI demand has also provided a boost to CoreWeave's sales. The company raised its full-year revenue outlook in August, after its top line tripled in the second quarter. Chief Financial Officer Nitin Agrawal said at that time the company was scaling rapidly in an attempt to meet skyrocketing demand.

CoreWeave soars after a mega $14.2bn contract with Meta

CoreWeave's stock jumped nearly 10% in pre-market trading on Tuesday after announcing a $14.2bn strategic agreement with Meta. As a specialist in cloud infrastructure dedicated to artificial intelligence, the company is confirming its central role in securing the computing capabilities needed by large technology platforms. This agreement comes amid rapid growth for CoreWeave, which had already expanded its partnership with OpenAI by $6.5bn the previous week, bringing their collaboration to $22.4bn. These contracts illustrate the growing demand for computing power, a key issue in the competition between digital giants and AI startups. With these successes, CoreWeave is now establishing itself as a major player in the global cloud ecosystem for artificial intelligence, alongside the industry's long-standing leaders. According to the company, these partnerships demonstrate that advances in AI rely as much on software innovation as on the infrastructure that supports it.

CoreWeave, Inc. Expands Agreement with OpenAI by up to $6.5 billion

CoreWeave, Inc. announced an expanded agreement with OpenAI to power the training of its most advanced next-generation models, reinforcing its position as the essential cloud platform for the most demanding AI workloads. The contract value of this deal is up to $6.5 billion. In March 2025, CoreWeave announced an initial agreement with OpenAI with a contract value up to $11.9 billion, followed by an expanded agreement worth up to $4 billion in May 2025. The agreement announced brings the total contract value with OpenAI up to approximately $22.4 billion. The agreement with OpenAI builds on a series of recent CoreWeave milestones that underscore the company?s role in driving AI innovation. This month, CoreWeave announced a £1.5 billion commitment to powering UK AI innovation and growth, as well as the launch of CoreWeave Ventures, a new initiative committed to backing founders and companies developing the platforms and technologies shaping the AI ecosystem. Through its recent acquisitions of OpenPipe and Weights & Biases, CoreWeave is expanding its platform by adding innovation up and down the technology stack.

CoreWeave expands OpenAI pact with new $6.5 billion contract

(Reuters) -AI cloud provider CoreWeave has expanded its partnership with OpenAI in a new deal worth up to $6.5 billion, bringing the total value of their agreements to $22.4 billion, the latest in a series of billion-dollar deals OpenAI has signed to secure computational power. The agreement marks the third major expansion of the partnership between the two companies this year. The company behind ChatGPT struck an initial cloud deal with CoreWeave in March worth up to $11.9 billion, followed by a $4 billion add-on in May. The latest addition shows the deepening relationship between the two companies as OpenAI seeks multiple partners to help with an unprecedented datacenter buildout to meet its growing computational demands. The announcement follows major updates to OpenAI's infrastructure project "Stargate". OpenAI said Tuesday it will open three new sites with Oracle, its cloud partner with a $300 billion deal over the next few years, and build two additional data centers with SoftBank. CoreWeave's shares pared losses in premarket trading and were down about 4%. Reuters was first to report the news. "The combined capacity from these five new sites--along with our flagship site in Abilene, Texas, and ongoing projects with CoreWeave--brings Stargate to nearly 7 gigawatts of planned capacity and over $400 billion in investment over the next three years," OpenAI said in a blog post. OpenAI has said Stargate aims to secure a total of 10 gigawatts of capacity through an investment that could reach $500 billion. The wave of agreements underscores the convergence of interests among major tech companies developing advanced AI and raises questions about "circular" financing across the industry and whether capital will continue to flow. Nvidia said earlier this week it will invest up to $100 billion in OpenAI and supply data-center chips, marking a tie-up between two of the highest-profile players in the AI race. The Nvidia and OpenAI deal gives the chipmaker a financial stake in one of its biggest customers and has prompted antitrust concerns. Nvidia has also invested in CoreWeave and owns more than 5% of the company. CoreWeave, in turn, made substantial purchases of Nvidia hardware and signed a $6.3 billion initial order with Nvidia this month, in a deal that guarantees the chipmaker will purchase any cloud capacity not sold to customers. (Reporting by Krystal Hu in San Francisco, additional reporting by Akash Sriram in Bengaluru, Editing by Louise Heavens)