CoreWeave Diversifies Customer Base, Drives Rally

26 days ago

Multiple Speakers

"Let's go to CoreWeave, guys, cuz this one up 16 and a half% at its highs today, finishing the day with a gain of just shy of 12%. And one of the key points is that the stock rallied after signing a deal to supply Meta Platforms with as much as 14.2 billion dollars worth of computing power through December 2031, with an option to extend through 2032. This not only provides visibility but also diversifies CoreWeave away from Microsoft."

Discussion focused on CoreWeave, an IPO this year that has surged 273% year-to-date. The company’s recent deal with Meta Platforms has increased its visibility and diversified its customer base beyond Microsoft, contributing to its strong performance with a significant session gain.

Related Stocks