CoreWeave Secures $14.2 Billion Deal to Supply Computing Power

26 days ago

Bloomberg Intelligence

"This was one in the regular trade that also rallied in today's session. So the stock finished the day up by 11.7 percent. CoreWeave agreed to supply computing power to Meta Platforms worth of $14.2 billion. And of course, as a part of this agreement, CoreWeave will provide access to the latest NVIDIA's chips."

CoreWeave is benefiting from a major contract with Meta Platforms worth $14.2 billion, which includes access to the latest NVIDIA chips. This development not only boosted its share price by 11.7% in the session but also eases dependency on a single large customer, potentially reducing financing risks.

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