CoreWeave Secures Major Contract With Meta

4 months ago

Carol Masser

"Coreweave... this was one in the regular trade that also rallied in today's session. The stock finished the day up by 11.7%. Coreweave agreed to supply computing power to Meta platforms worth $14.2 billion and will provide access to the latest Nvidia chips."

CoreWeave experienced a significant rally, up 11.7% in today's session, after securing a massive $14.2 billion contract with Meta, which includes supply of the newest Nvidia chips. Analysts view this development as a positive catalyst that diversifies its revenue base beyond its heavy reliance on Microsoft.

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