CoreWeave Inc. (CRWV) has seen a significant surge in its stock price, now up over 60% year-to-date, following a multi-year agreement with Anthropic to support its AI models and an extended deal with Meta Platforms (META) valued at approximately $21 billion through 2032. This partnership aims to enhance Meta’s AI capabilities and reflects CoreWeave’s robust market position as a high-performance cloud provider.
As of the end of FY25, CoreWeave reported a record sales backlog of $66.8 billion, driven by strong demand in the AI sector. Despite the positive momentum, CoreWeave’s near-term earnings per share (EPS) outlook remains pressured due to high capital expenditures required for infrastructure development. The company’s strategic tie with NVIDIA allows it access to critical chips, further solidifying its role in the rapidly advancing AI landscape.
