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Shares of CoreWeave Inc (NASDAQ:CRWV) rose sharply during Monday’s pre-market session.
The move follows a massive sector catalyst involving Meta Platforms Inc (NASDAQ:META).
Meta’s $27 Billion AI Commitment
Investor sentiment turned bullish after Nebius Group NV (NASDAQ:NBIS) announced a long-term agreement with Meta. The deal has a total contract value of up to $27 billion. Nebius will supply dedicated AI compute capacity using the NVIDIA Corp (NASDAQ:NVDA) Vera Rubin platform.
This milestone deal created positive spillover for other AI infrastructure providers. Both CoreWeave and IREN (NASDAQ:IREN) …
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