CoreWeave shares tripled in value since going public in March. The cloud computing company backed by Nvidia struck a deal with Meta Platforms worth up to $14.2 billion. CoreWeave has seen gains with AI-related companies, signing multiple multibillion-dollar deals to support AI demand. The latest order from Meta runs through December 2031. CoreWeave believes the agreement highlights its value as a trusted backbone for innovators. The company also expanded agreements with OpenAI for billions of dollars to power advanced models. Earlier this month, CoreWeave signed a $6.3 billion deal with Nvidia.

Read more at Yahoo Finance: Why Nvidia-Backed CoreWeave’s Stock Is Soaring Today