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The deal comes one day after Meta committed an additional $21 billion in spending to the cloud provider as AI demand continues to soar.
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CoreWeave and Meta inked a $21 billion AI compute deal, and oil prices are rising again.
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Meta's additional spending commitments with CoreWeave will be deployed from 2027 to 2032.
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Nvidia has also made $2 billion investments in CoreWeave, Nebius and Coherent in recent months.
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CoreWeave's stock has risen more than 14% this year, beating the overall market.
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