BUZZ-CoreWeave rises after $21 billion AI cloud deal with Meta

Meta Platforms +0.60%
CoreWeave +0.29%
NASDAQ +0.33%

Meta Platforms

META

675.58

+0.60%

CoreWeave

CRWV

119.03

+0.29%

NASDAQ

IXIC

24094.72

+0.33%

** Cloud infrastructure firm CoreWeave's CRWV.O shares rise 7.6% to $95.70 premarket after $21 billion AI cloud deal with Meta Platforms META.O

** Co enters into expanded agreement to provide Meta Platforms with $21 billion in cloud capacity

** CRWV says the agreement includes initial deployments of Nvidia NVDA.O Vera Rubin platform

** The agreement runs through December 2032

** As of last close, CRWV up 24.1% YTD vs 2.6% loss for Nasdaq Composite Index .IXIC