Tuesday, 02 January 2024 12:17 GMT

Coreweave Inks $14.2 Billion Deal With Meta: Report


(MENAFN- AsiaNet News)

CoreWeave Inc. (CRWV) has reportedly secured a major deal with Meta Platforms Inc. (META) to provide high-powered computing resources worth up to $14.2 billion.

According to a Bloomberg report, CoreWeave will supply Meta with access to the latest Nvidia Corp. (NVDA) GB300 systems under the agreement, further solidifying Meta's commitment to scaling its AI capabilities. 

CoreWeave stock traded over 8% higher in Tuesday's premarket and was the top trending equity ticker on Stocktwits. 

Get updates to this developing story directly on Stocktwits.

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