Catenaa, Tuesday, September 30, 2025- CoreWeave stock jumped more than 13% on Tuesday after reports of a $14.2 billion deal with Meta to provide access to Nvidia’s GB300 server racks.
CoreWeave, the Nvidia-backed AI data center operator, will provide Meta access to Nvidia’s GB300 server racks, which contain 72 of the chipmaker’s Blackwell AI GPUs.
“They loved our infrastructure in earlier contracts and came back for more,” CoreWeave CEO Michael Intrator told Bloomberg in an interview.
Meta has been spending at a torrid pace as it invests in AI infrastructure that includes a mammoth 4 million-square-foot data center in Louisiana.
The Instagram parent raised its 2025 capital expenditure guidance to a range between $66 billion and $72 billion in its most recent quarterly financial report.
Tuesday’s development follows CoreWeave’s $6.5 billion deal with OpenAI, announced last week. The company is working to diversify its customer base away from Microsoft, which accounted for roughly 70% of the company’s revenue in its most recent quarter.
“This is clearly a step in the right direction for diversification,” Intrator told Bloomberg.
CoreWeave’s latest partnership also comes amid a flurry of other recent AI deals as Big Tech rushes to add compute capacity in data centers to power their artificial intelligence ambitions.
Those deals include Nvidia’s $100 billion investment in OpenAI, announced last week, and OpenAI’s reported $300 billion contract with Oracle.
CoreWeave has been a rising player in the AI buildout, as Big Tech firms have rented space in its data centers to access its large supply of Nvidia chips while they’re in the process of building their sites.
CoreWeave shares are up over 253% for the year but remain below their high of $183 in June. The stock sank at the start of September as insiders sold off shares.
