CoreWeave announced an extension of its AI‑cloud partnership with Meta Platforms, locking in dedicated compute capacity through December 2032. The expanded agreement values the relationship at roughly $21 billion, up from the $14.2 billion deal sealed last fall. Investors rewarded the news, sending CoreWeave shares 7.8% higher in early trading. The contract will span multiple data centers and incorporate Nvidia’s new Vera Rubin platform for accelerated model training.

Under the revised terms, CoreWeave will provision AI‑specific infrastructure across several geographic sites, giving Meta a scalable foundation for its generative‑AI initiatives. By embedding Nvidia’s Vera Rubin hardware, the partnership aims to reduce latency and boost throughput for large‑language‑model workloads. Analysts see the deal as a vote of confidence in CoreWeave’s niche cloud offering.

The $21 billion commitment stretches a decade beyond the original term, signaling Meta’s willingness to lock in external capacity rather than build its own AI‑focused data farms. For CoreWeave, the infusion of revenue bolsters its balance sheet and positions it as a leading third‑party provider to big‑tech customers. The agreement now stands as one of the largest AI‑cloud contracts ever signed.