Key Stats for CoreWeave Stock
- 1-day Price Change for CoreWeave stock: 12%
- Current Share Price: $137
- 52-Week High: $187
- $CRWV Stock Price Target: $139
What Happened?
CoreWeave (CRWV) stock jumped nearly 12% on Tuesday after the company announced a $14.2 billion agreement to provide AI cloud infrastructure to Meta.
The deal comes just days after CoreWeave expanded its OpenAI contract by $6.5 billion, bringing that total relationship to $22.4 billion.
CoreWeave has now secured approximately $36 billion in committed contracts within a matter of weeks, solidifying its position as the go-to infrastructure provider for companies racing to build AI capabilities at a massive scale.
Meta gets the option to materially expand its commitment for additional computing capacity through 2032, according to SEC filings.
That flexibility matters because Meta is pouring tens of billions into AI infrastructure. The social media giant stated that total expenses for 2025 will range between $114 billion and $118 billion, with AI initiatives expected to drive even higher growth in 2026.
CEO Mark Zuckerberg recently said Meta is building multiple superclusters, with one facility called Hyperion expected to cover “a significant part of the footprint of Manhattan.”
CoreWeave’s business model is straightforward: build data centers packed with Nvidia GPUs, then rent that computing power to companies that need it.
What’s not straightforward is executing at the speed and scale CoreWeave has demonstrated. The company went from startup to handling some of the largest AI infrastructure deployments on the planet in just a few years.
See analysts’ growth forecasts and price targets for CoreWeave stock (It’s free!) >>>
What the Market Is Telling Us About CoreWeave Stock
CRWV stock is rallying on this news, indicating that investors are beginning to understand CoreWeave’s competitive advantages.
At recent investor conferences, CFO Nitin Agrawal and CEO Mike Intrator emphasized that the company isn’t just another cloud provider retrofitted for AI workloads.
CoreWeave was first to deploy Nvidia’s Hopper H100 and H200 chips at scale. It is now first to market with Blackwell GB200 systems.
OpenAI, Microsoft, and now Meta have all chosen to expand their CoreWeave commitments rather than build everything in-house or go elsewhere.
Intrator said at the Goldman Sachs conference that 18 months ago, customers wanted 10-megawatt deployments. Then 50 to 100 megawatts. Now conversations center on a gigawatt-plus scale. That’s a 100x increase in deal size in less than two years.
CoreWeave has raised over $25 billion since 2024 through a sophisticated mix of equity, debt, and asset-backed structures.
Agrawal noted that they’ve reduced non-investment-grade borrowing costs by 900 basis points in just 12 months by structuring deals around long-term customer contracts with take-or-pay terms.
CoreWeave is now powering two of the most ambitious AI buildouts on the planet simultaneously. That requires operational excellence in standing up data centers, managing power, and delivering reliability at supercomputer scale.
CoreWeave trades at a premium valuation reflecting high growth expectations. Power constraints remain the most significant bottleneck, and the company must continue to execute flawlessly in bringing 2.2 gigawatts of contracted capacity online.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
