Nvidia’s own son is here! CoreWeave signs a $14.2 billion cooperation agreement with Meta, and CRWV surges 13%
CoreWeave, an AI cloud service provider known as "Nvidia's son", announced that it has reached a cooperation agreement worth US$14.2 billion with technology giant Meta. CoreWeave shares surged on the news.
(Preliminary news: CoreWeave renewed OpenAI’s $6.5 billion order! 22.4 billion magnesium was obtained after three signings, and CRWV soared 238% this year)
(Background supplement: Huida’s son is not good! Core Scientific’s “largest shareholder” rejected CoreWeave’s acquisition: the $9 billion valuation is too low)
According to “Bloomberg” report, known as “Nvidia’s son” AI cloud service provider CoreWeave announced on September 30 that it has reached a cooperation agreement worth US$14.2 billion with technology giant Meta. As part of the agreement, CoreWeave will provide Meta with Nvidia's latest GB300 systems. These high-performance computing resources will help Meta accelerate its AI application development to meet the market's growing demand for artificial intelligence technology.
CoreWeave's stock price soared
Inspired by this news, CoreWeave's stock price rose before the market opened on September 30. After the market opened, CoreWeave's stock quickly rushed to $140, an intraday increase of 13%, and the market value exceeded $70 billion.
CoreWeave won the OpenAI 224 this year US$100 million order
It is worth mentioning that CoreWeave just announced last week that it has further deepened its cooperation with the AI giant OpenAI and signed a new contract worth US$6.5 billion, bringing the total value of the agreement between the two parties to US$22.4 billion.
Looking back in March this year, CoreWeave signed a preliminary cloud contract worth US$11.9 billion with OpenAI, focusing on providing GPU computing resources to support OpenAI’s AI model training. Then in May, the two sides solidified their partnership with an expanded contract worth $4 billion. The latest $6.5 billion contract continues this trend and is expected to help OpenAI cope with rapidly growing computing needs and promote large-scale data center expansion plans.
