CoreWeave stock surged over 14% following a $14.2 billion deal with Meta, providing access to Nvidia’s AI data center infrastructure. Meta is investing heavily in AI infrastructure, with a 4 million square-foot data center in Louisiana and raised 2025 capital expenditure guidance to $66-72 billion. This deal with Meta comes after a $6.5 billion partnership with OpenAI. Analysts view the partnership positively, highlighting the increasing demand for high-end AI chips. CoreWeave has become a key player in AI buildout, attracting Big Tech firms to rent space in its data centers for Nvidia chips. However, concerns linger over mounting debt and deteriorating operating income.

Read more at Yahoo Finance: CoreWeave stock surges as reported $14 billion Meta deal signals ‘limitless’ AI demand