CoreWeave Secures Multi-Billion Dollar Deals With Meta and Anthropic

AI cloud infrastructure provider CoreWeave secured a series of high-profile partnerships in April 2026 to scale its GPU capacity and diversify its revenue. The company signed a $21 billion expanded agreement with Meta Platforms Inc. to provide computing capacity through December 2032, bringing Meta's total contracted spend to over $35 billion. This deal includes early deployments of Nvidia's next-generation Vera Rubin GPU platform to support Meta's generative AI models, including the Llama family.

CoreWeave further expanded its client base by signing a multi-year agreement with Anthropic PBC to power production-scale workloads for the Claude AI model series starting later in 2026. Additionally, global trading firm Jane Street Capital invested $1 billion in CoreWeave equity and committed $6 billion for infrastructure access to support quantitative trading research. These deals helped CoreWeave reduce its reliance on Microsoft and pushed its potential revenue backlog toward $88 billion.

To fund this aggressive expansion and data center build-outs, CoreWeave launched debt offerings totaling approximately $5.25 billion in senior and convertible notes. While the company's stock rose significantly following these announcements—with a weekly gain of nearly 30% and a valuation reaching $61.61 billion—analysts have raised concerns regarding its high debt load, lack of current profitability, and reliance on hyperscalers. CoreWeave aims to achieve profitability by 2028 as it continues to deploy Nvidia-powered infrastructure for the world's leading AI labs.