{"id":97788,"date":"2025-10-01T21:56:16","date_gmt":"2025-10-01T21:56:16","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/97788\/"},"modified":"2025-10-01T21:56:16","modified_gmt":"2025-10-01T21:56:16","slug":"coreweave-lands-mega-deal-from-ai-giant","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/97788\/","title":{"rendered":"CoreWeave lands mega deal from AI giant"},"content":{"rendered":"\n<p class=\"yf-1090901\">CoreWeave\u00a0 (<strong><a href=\"https:\/\/finance.yahoo.com\/quote\/CRWV\" data-ylk=\"slk:CRWV;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">CRWV<\/a><\/strong>)  has become the purest play on the AI boom, evolving into a purpose-built neo-cloud platform that\u2019s tailor-made for GPUs, low-latency networking, and AI-native performance.<\/p>\n<p class=\"yf-1090901\">Although traditional hyperscalers balance storage, compute, and enterprise applications, CoreWeave\u2019s edge is more singular, providing specialized infrastructure for training and running the largest AI models.<\/p>\n<p class=\"yf-1090901\">That massive bet on AI is showing up in the numbers.<\/p>\n<p class=\"yf-1090901\">In Q2, CoreWeave booked a whopping <a href=\"https:\/\/investors.coreweave.com\/news\/news-details\/2025\/CoreWeave-Reports-Strong-Second-Quarter-2025-Results\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:$1.21 billion in sales;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">$1.21 billion in sales<\/a>, with a $30.1 billion backlog, and 33 AI-optimized data centers already online.<\/p>\n<p class=\"yf-1090901\">Since its IPO in March at <a href=\"https:\/\/www.cnbc.com\/2025\/03\/28\/coreweave-starts-trading-on-nasdaq-at-per-share.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:$40 per share;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">$40 per share<\/a>, the stock has more than tripled in value, lifting the company\u2019s valuation to north of $60 billion in just half a year.<\/p>\n<p class=\"yf-1090901\">Additionally, CoreWeave\u2019s close ties with Nvidia\u00a0 (<strong><a href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">NVDA<\/a><\/strong>)  helped it zoom ahead of its hyperscale rivals. And now, a fresh new multi-year pact with a legacy U.S. tech giant adds a new chapter in its already illustrious growth story.<\/p>\n<p class=\"yf-1090901\">The massive new deal entails guaranteed demand, accelerated capacity, and growing relevance at the very center of the AI supply chain.<\/p>\n<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"CoreWeave shares jump after striking multi-billion AI cloud deal with Meta.Image source&amp;colon; Nagle&amp;sol;Bloomberg via Getty Images\" loading=\"eager\" height=\"541\" width=\"960\" class=\"yf-1gfnohs loader\"\/> CoreWeave shares jump after striking multi-billion AI cloud deal with Meta.Image source&amp;colon; Nagle&amp;sol;Bloomberg via Getty Images         <\/p>\n<p class=\"yf-1090901\">CoreWeave just inked a deal worth up to an <strong>eye-popping $14.2 billion<\/strong> with Meta Platforms\u00a0 (<strong><a href=\"https:\/\/finance.yahoo.com\/quote\/META\" data-ylk=\"slk:META;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">META<\/a><\/strong>) \u00a0to supply long-term AI cloud capacity <strong>through Dec. 2031<\/strong> (option to 2032).<\/p>\n<p class=\"yf-1090901\">Following the announcement, on Sept. 30, 2025, CoreWeave stock surged a head-turning 15% in intraday trading.<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Value<\/strong>: up to $14.2 billion; with the term through Dec. 14, 2031, along with an option to extend into 2032.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Capacity<\/strong>: access to Nvidia\u2019s GB300-class systems for Meta\u2019s AI workloads.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Structure<\/strong>: under an existing master services agreement, expanding a 2023 partnership.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Market reaction<\/strong>: CRWV stock jumped 14% intraday on the news.<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\">Needless to say, the deal is massive for CoreWeave, helping it diversify beyond the Microsoft\/OpenAI concentration and locking in multi-year sales visibility during an AI compute land-grab.<\/p>\n<p class=\"yf-1090901\"><strong><a href=\"https:\/\/finance.yahoo.com\/news\/apple-report-reveals-worrying-iphone-191300393.html\" data-ylk=\"slk:Related: Apple report reveals a worrying iPhone 17 trend;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">Related: Apple report reveals a worrying iPhone 17 trend<\/a><\/strong><\/p>\n<p class=\"yf-1090901\">It also underscores Meta\u2019s drive to secure high-end GPU supply as it sees model sizes and inference loads jump.<\/p>\n<p class=\"yf-1090901\">Early reads from the stock market punditry skew positive on visibility and diversification, though the skeptics call out execution and concentration risks.<\/p>\n<p class=\"yf-1090901\">Evercore ISI\u2019s Amit Daryanani started at <strong>b<\/strong><strong>uy rating<\/strong> along with a <strong>$175 target<\/strong>. On the flip side, DA Davidson\u2019s Gil Luria stuck with a <strong>s<\/strong><strong>ell rating<\/strong> at <strong>$36<\/strong>, highlighting dependency questions.<\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>OpenAI<\/strong>: Initial $11.9 billion agreement (March 2025).<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>OpenAI<\/strong>: Expanded by $4 billion (May 2025).<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>OpenAI<\/strong>: Further expanded by $6.5 billion (Sept. 25, 2025), with the total now at $22.4 billion.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Nvidia<\/strong>: $6.3 billion capacity backstop order through 2032 (Sept. 15, 2025).<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Microsoft<\/strong>: Multi-year workloads; the largest customer recently (about 71% of revenue in the June quarter).<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\">CoreWeave\u2019s Nvidia ties date back to its timely 2019 pivot from cryptocurrency mining to AI cloud, when it began rebuilding its fleet around Nvidia GPUs.<\/p>\n<p class=\"yf-1090901\">That relationship grew financially, as filings showed Nvidia held about 24.2 million shares (7%) at IPO, while some reports point to a Class A stake closer to 5.96% pre-IPO, sliding to roughly 5% post-offering due to dilution rather than an exit.<\/p>\n<p class=\"yf-1090901\"><strong><a href=\"https:\/\/www.thestreet.com\/investing\/bank-of-america-revamps-s-p-500-target-for-the-rest-of-2025-\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Related: Bank of America revamps S&amp;P 500 target for the rest of 2025;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Related: Bank of America revamps S&amp;P 500 target for the rest of 2025<\/a><\/strong><\/p>\n<p class=\"yf-1090901\">The partnership now goes beyond stock investment.<\/p>\n<p class=\"yf-1090901\">On Sept. 15, 2025, Nvidia struck a <a href=\"https:\/\/seekingalpha.com\/article\/4826420-coreweaves-ai-climb-still-hides-untapped-firepower\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:$6.3 billion \u201ctake-or-pay\u201d;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">$6.3 billion \u201ctake-or-pay\u201d<\/a> agreement compelling it to purchase any CoreWeave cloud capacity that\u2019s left unsold through April 2032.<\/p>\n<p class=\"yf-1090901\">That robust demand backstop offers a hard floor under utilization, stabilizes cash flows, and strengthens CoreWeave\u2019s ability to finance its $20-$23 billion buildout plan.<\/p>\n<p class=\"yf-1090901\">Both CEOs have been explicit.<\/p>\n<p class=\"yf-1090901\"><strong>More Nvidia:<\/strong><\/p>\n<p class=\"yf-1090901\">Nvidia CEO Jensen Huang hails the partnership, saying, \u201cOne of our great partners, CoreWeave\u2026 we\u2019re super proud of them.\u201d<\/p>\n<p class=\"yf-1090901\">Likewise, CoreWeave CEO Michael Intrator says, \u201cThe world is dependent upon Nvidia\u2026 their technology is defining the space, and so we work with them.\u201d<\/p>\n<p class=\"yf-1090901\">The history is equally telling.<\/p>\n<p class=\"yf-1090901\">Reporting shows that Nvidia helped seed CoreWeave\u2019s rise by funneling scarce GPUs and even renting back chips, which enabled CoreWeave to build its early lead.<\/p>\n<p class=\"yf-1090901\">Now with the $6.3 billion backstop in place, CoreWeave\u2019s pipeline becomes even more predictable, reducing volatility while reinforcing its robust AI positioning.<\/p>\n<p class=\"yf-1090901\"><strong><a href=\"https:\/\/finance.yahoo.com\/news\/tesla-analyst-unveils-eye-popping-233700145.html\" data-ylk=\"slk:Related: Tesla analyst unveils eye-popping stock price target;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">Related: Tesla analyst unveils eye-popping stock price target<\/a><\/strong><\/p>\n<p class=\"yf-1090901\">This story was originally reported by <a href=\"https:\/\/www.thestreet.com\/technology\/coreweave-lands-mega-deal-from-ai-giant-\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:TheStreet;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">TheStreet<\/a> on Oct 1, 2025, where it first appeared in the <a href=\"https:\/\/www.thestreet.com\/technology\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Technology Business News;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Technology Business News<\/a> section. Add TheStreet as a <a href=\"https:\/\/google.com\/preferences\/source?q=thestreet.com\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Preferred Source by clicking here.;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Preferred Source by clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"CoreWeave\u00a0 (CRWV) has become the purest play on the AI boom, evolving into a purpose-built neo-cloud platform that\u2019s&hellip;\n","protected":false},"author":2,"featured_media":97789,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,3252,18,19,17,292,82],"class_list":{"0":"post-97788","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-coreweave","12":"tag-eire","13":"tag-ie","14":"tag-ireland","15":"tag-nvidia","16":"tag-technology"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/97788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=97788"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/97788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/97789"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=97788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=97788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=97788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}