Shares of Meta and CoreWeave climbed Thursday after the companies announced an expansion of their long-term artificial intelligence infrastructure deal, now valued at approximately $21 billion. The partnership has been extended through December 2032.
The expanded agreement was revealed by CoreWeave on Thursday as a continuation and enhancement of their existing collaboration to bolster Meta’s AI capabilities. Michael Intrator, Co-founder, CEO, and Chairman of CoreWeave, highlighted the significance in a statement: “This is another example that leading companies are choosing CoreWeave’s AI cloud to run their most demanding workloads.”
Meta will gain access to AI cloud capacity from CoreWeave, facilitating the development and scaling of its AI systems, including extensive inference tasks. The infrastructure deployment spans multiple locations and includes pioneering deployments of Nvidia’s Vera Rubin platform, aimed at optimizing performance, resilience, and scalability for Meta’s AI operations. This move reflects a growing demand for infrastructure that can handle large-scale AI workloads.
Previously, in 2025, Meta and CoreWeave agreed on a $14 billion AI infrastructure deal, committing to supply computing power through 2031. With this expansion, Meta continues its aggressive advancement into sophisticated AI systems. On Wednesday, the company unveiled Muse Spark, a multimodal model capable of processing text, images, and voice for complex reasoning tasks using multiple AI agents.
Meta is also developing an Advanced AI Scaling Framework to better evaluate risks and test its most advanced models before deployment. According to Meta, “As we build more capable and more personalized AI, reliability, security, and user protections are more important than ever.” They emphasize that the scaling of technology necessitates a sophisticated approach to safety.
Following the announcement, shares for both companies increased. Meta (META) is currently trading above $630 per share, marking an approximate 3% rise on the day. CoreWeave (CRWV) saw its shares jump by 5.5%, reaching a recent price of $93.70.