Morningstar

CoreWeave Expands AI Cloud Infrastructure Deal With Meta for $21 Billion

Provided by Dow Jones Apr 9, 2026, 11:41:00 AM

By Connor Hart

CoreWeave expanded its long-term agreement with Meta Platforms, providing the company with artificial-intelligence cloud capacity through December 2032 for about $21 billion.

The companies said Thursday the deal expands their existing relationship, increasing support for Meta's development and deployment of AI.

The dedicated capacity will be deployed across multiple locations and include some of the initial deployments of Nvidia's Vera Rubin platform, they said.

The companies previously entered an AI cloud infrastructure deal last fall, worth up to $14.2 billion.

CoreWeave shares rose 7.8%, to $95.84, in premarket trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 09, 2026 07:41 ET (11:41 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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