CoreWeave Stock Rises As Meta Expands $21 Billion Agreement And Anthropic Adds AI Workloads, Driving Sharp Momentum Surge

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CoreWeave Inc. (NASDAQ:CRWV) saw a sharp surge in momentum as its AI infrastructure score jumped from 54.6 to 89.86 on a week-over-week basis.

CoreWeave Expands AI Deals With Meta And Anthropic

CoreWeave announced on April 9 that it expanded its agreement with Meta Platforms Inc. (NASDAQ:META) to provide large-scale AI cloud capacity through December 2032, a deal valued at roughly $21 billion.

The following day, the company said it signed a separate multiyear contract with Anthropic to run its Claude AI models at production scale.

The company described the rapid expansion of its customer base as evidence of its growing role in AI infrastructure.

CoreWeave stated that nine of the 10 leading AI model providers are currently running workloads on its platform, underscoring its growing role in the AI infrastructure ecosystem, reported Forbes.

Industry analysts say the deals reflect an accelerating race for computing …

Full story available on Benzinga.com

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