CoreWeave, Inc. (NASDAQ: CRWV) experienced a significant surge in premarket trading on Tuesday, September 30, 2025, following the announcement of a major $14.2 billion artificial intelligence infrastructure deal with Meta Platforms. The stock jumped approximately 10% in premarket activity, building on the company’s already impressive year‑to‑date performance of over 214%. This latest agreement represents CoreWeave’s continued expansion as a critical AI infrastructure provider, coming just days after the company expanded its partnership with OpenAI by $6.5 billion. The Meta deal underscores the growing demand for specialized AI computing infrastructure as tech giants race to develop and deploy advanced AI models.
Strategic Partnerships Expand CoreWeave’s AI Footprint
Under the terms of the newly announced agreement, CoreWeave will provide Meta Platforms with access to Nvidia’s cutting‑edge GB300 processors through its specialized cloud infrastructure. CoreWeave CEO Michael Intrator told Bloomberg that Meta appreciated the company’s infrastructure in earlier contracts and returned for expanded services. This deal follows CoreWeave’s recent $6.5 billion expansion with OpenAI announced on September 25, which brought the total OpenAI contract value to approximately $22.4 billion. The initial OpenAI contract was valued at $11.9 billion in March 2025, with a $4 billion expansion in May 2025.
CoreWeave has successfully diversified its client base beyond its original largest customer, Microsoft, positioning itself as an essential infrastructure partner for multiple major tech companies and AI startups. The company provides specialized GPU and CPU compute, networking, and storage services tailored specifically for AI model training and inference workloads. Beyond these major deals, CoreWeave has also committed £1.5 billion to support AI growth in the United Kingdom and launched CoreWeave Ventures to invest in AI startups.
The company further expanded its capabilities through strategic acquisitions, including OpenPipe, a reinforcement learning startup, and Weights & Biases, an AI developer platform. A CoreWeave spokesperson emphasized that “the agreement underscores that behind every AI breakthrough are the partnerships that make it possible,” highlighting the company’s role as a critical enabler of AI innovation across the technology sector.
CRWV Shares Rally on Strong Year‑to‑Date Gains
As of 9:14 AM EDT on September 30, 2025, CoreWeave shares were trading at $134.77 in premarket activity, representing a 10% gain from the previous day’s close of $122.52. The stock had closed Monday’s regular session up 1.81%, and the premarket surge added an additional $12.25 per share. The company’s market capitalization stood at approximately $59.6 billion, with the stock trading near the middle of its 52‑week range of $33.51 to $187.00.
CoreWeave’s year‑to‑date return of 214% significantly outpaced the S&P 500’s 13.25% gain over the same period, reflecting strong investor confidence in the company’s AI infrastructure business model. The company’s revenue reached $3.53 billion on a trailing twelve‑month basis, though it remained unprofitable with a negative profit margin of 28.83% and negative earnings per share of $2.36. Analysts maintained a bullish outlook, with an average price target of $137.24 and recommendations predominantly in the “Strong Buy” and “Buy” categories.
Disclaimer: The author does not hold or have a position in any securities discussed in the article.All stock prices were quoted at the time of writing.