Meta, CoreWeave Shares Rise After Expanding $21 Billion AI Cloud Deal

Meta and CoreWeave have expanded a long-term artificial intelligence infrastructure agreement worth about $21 billion, extending their partnership through December 2032. Both companies have seen their shares rise Thursday following the announcement.

CoreWeave announced the expanded deal Thursday, describing it as an extension of the companies’ existing relationship and an increase in infrastructure supporting Meta’s AI operations.

“This is another example that leading companies are choosing CoreWeave’s AI cloud to run their most demanding workloads,” CoreWeave co-founder, CEO, and Chairman Michael Intrator said in a statement.

The agreement gives Meta access to AI cloud capacity from CoreWeave to support the development and deployment of its AI systems, including inference workloads that run trained models at scale.

The infrastructure will be deployed across multiple locations and will include some of the first deployments of Nvidia’s Vera Rubin platform. CoreWeave said the distributed deployment is intended to optimize performance, resilience, and scalability for Meta’s AI systems, and reflects rising demand for infrastructure capable of supporting large-scale AI workloads.

Meta and CoreWeave previously struck a $14 billion AI infrastructure deal in 2025, under which the cloud provider agreed to supply computing power to Meta through 2031.

The news comes as Meta accelerates its push into advanced AI systems. On Wednesday, the company introduced Muse Spark, a natively multimodal model capable of processing text, images, and voice and designed to tackle complex reasoning tasks using multiple AI agents.

Meta has also outlined a new Advanced AI Scaling Framework that expands how it evaluates risks and tests its most capable models before deployment.

“As we build more capable and more personalized AI, reliability, security, and user protections are more important than ever,” Meta said in a statement. “Advanced models require an advanced approach to safety—one that scales with the technology.”

Shares of Meta and CoreWeave rose after the companies announced their expanded AI infrastructure deal. Currently, Meta (META) is trading above $630 per share, up about 3% on the day, while CoreWeave (CRWV) has jumped 5.5% to a recent price of $93.70.