CoreWeave Stock Surges 5.3% as Meta Deal Extends to 2032 and Backlog Eyes $95 Billion CoreWeave’s stock rose 5.3% on Monday following the announcement of a $21 billion multi-year cloud infrastructure deal with Meta Platforms, which secures revenue visibility through 2032. The agreement includes installations of NVIDIA’s Vera Rubin platform and targets large-scale AI inference workloads. This deal follows a $6 billion partnership with Jane Street and a previous agreement with Anthropic, pushing CoreWeave’s backlog of performance commitments to over $95 billion from $67 billion at the end of Q4 2025. Analysts highlighted the long-term nature of the Meta contract as a key factor in the stock’s recent rally, with Jefferies raising its price target to $160 and maintaining a Buy rating. The Meta deal stands out for its seven-year duration, a rarity in the cloud infrastructure sector, which typically features shorter, transactional agreements. This extended commitment provides CoreWeave with income visibility that smaller partners rarely achieve, offering stability amid market volatility. The deal also underscores the company’s growing role in powering AI workloads for major tech firms, with its infrastructure now supporting nine of the top 10 AI model providers. CoreWeave’s data centers, spanning 43 locations and operating at 850 megawatts of active electricity, aim to reach 8 gigawatts by 2030, further solidifying its position in the AI infrastructure space. Despite the positive developments, CoreWeave faces risks tied to its reliance on OpenAI, which accounts for approximately a third of its contracted revenue.#nvidia #meta_platforms #anthropic #coreweave #jane_street
