Home / Business and Economy / CoreWeave Lands $14.2B Deal with Meta for AI Computing Power
CoreWeave Lands $14.2B Deal with Meta for AI Computing Power
30 Sep, 2025
Summary
- CoreWeave stock rises 8% after $14.2B deal with Meta for AI computing
- Deal includes access to Nvidia's latest GB300 systems
- Helps CoreWeave diversify revenue beyond Microsoft
On September 30, 2025, CoreWeave, an AI infrastructure company, announced a significant $14.2 billion deal to supply computing power to Meta Platforms. The agreement includes providing the social media giant access to Nvidia's latest GB300 systems, according to CoreWeave CEO Michael Intrator.
This major contract helps CoreWeave diversify its revenue sources beyond its previous reliance on Microsoft, which accounted for 71% of the company's revenue in the quarter ending June. "When we came out in the IPO, we got dinged because of our customer concentration," Intrator noted. "This is clearly a step in the right direction for diversification."
The Meta deal follows another multibillion-dollar commitment from OpenAI announced just last week. CoreWeave's stock has more than tripled in value since its March initial public offering, as major technology companies race to secure computing resources for advanced AI model development.
