CoreWeave has announced a significant expansion of its AI cloud partnership with Meta Platforms, bringing the total value of the agreement to approximately $21 billion.
The deal, confirmed on April 9, 2026, extends through December 2032 and deepens an existing relationship between the two companies.
The latest agreement builds on a prior $14.2 billion contract that ran through December 2031. The new terms represent a substantial step up in both scale and duration.
What the deal covers
Under the agreement, CoreWeave will supply dedicated AI cloud capacity to Meta across multiple locations.
The distributed setup is designed to optimise performance, resilience, and scalability for Meta’s AI operations.
The contract also has a notable hardware dimension. The deal includes some of the first deployments of NVIDIA’s Vera Rubin platform NVIDIA’s next-generation AI chip architecture.
The Vera Rubin platform is expected to mark a significant shift from generative AI toward agentic AI, where systems become more proactive in executing tasks rather than responding to human prompts.
Why Meta is investing
Meta has been pouring money into AI at an extraordinary pace. The company has committed to spending between $60 billion and $65 billion on capital expenditure in 2025 alone, with AI infrastructure representing a primary focus.
Partnering with CoreWeave gives Meta flexibility it cannot always get from traditional cloud providers.
CoreWeave offers a lean, specialised cloud environment that allows Meta to bypass bureaucratic bottlenecks common with typical public cloud providers.
The deal also spans until 2032, suggesting Meta is securing compute resources well ahead of the next generation of AI model development.
Market reaction
Investors responded positively to the news. CoreWeave (CRWV) stock advanced 7% during premarket hours, touching $95.13. Meta’s stock also experienced modest gains, rising approximately 0.7% to $616.51.
The advance positions CoreWeave shares substantially above their $40 IPO price from March 2025.
CoreWeave CEO Michael Intrator welcomed the expansion. “This is another example that leading companies are choosing CoreWeave’s AI cloud to run their most demanding workloads,” he said.
A growing market for specialised AI infrastructure
The deal reflects a broader shift in how large technology companies are sourcing compute power.
Rather than relying entirely on hyperscalers like AWS, Microsoft Azure, or Google Cloud, firms are increasingly turning to specialised providers.
CoreWeave will deploy the dedicated capacity across multiple geographic locations, an approach designed to optimise performance and resilience for Meta’s global AI operations.
Established in 2017, CoreWeave completed its public listing on Nasdaq in March 2025. The Meta agreement is now the company’s most significant publicly disclosed contract.
