**CoreWeave Announces Major AI Cloud Contract with Meta**
CoreWeave (NASDAQ: CRWV), an AI data center operator, has secured a significant agreement with Meta Platforms to provide $21 billion worth of AI cloud capacity through 2032. This contract expands upon a previous deal valued at $14 billion, highlighting CoreWeave’s growing role in the AI infrastructure sector.
In the last fiscal year, CoreWeave generated $5.1 billion in revenue, despite incurring a net loss of $1.2 billion due to heavy investments in AI infrastructure. Analysts anticipate that CoreWeave’s annual revenue may exceed $34 billion by 2028, potentially leading the company into profitability. The announcement follows another deal with AI company Anthropic, further solidifying CoreWeave’s standing in the industry.
Despite recent struggles in stock performance and concerns over valuations in the AI sector, analysts suggest that CoreWeave is beginning to turn the corner, indicating a potentially compelling investment opportunity for risk-tolerant investors.
