CoreWeave, Inc. (NASDAQ:CRWV) surged 11.7% on Tuesday, closing at $136.85 after securing a $14 billion deal with Meta Platforms Inc. Meta committed to pay $14.2 billion for computing power, with an option to extend the contract through 2032. CoreWeave also inked a $6.5 billion deal with OpenAI.

In March and May 2025, CoreWeave announced deals with OpenAI totaling $22.4 billion. Last month, they pledged £1.5 billion to UK AI innovation, launching CoreWeave Ventures to support AI ecosystem development. While CRWV shows promise, other AI stocks may offer higher returns and lower risk.

For more insights on potential AI investments, check out Insider Monkey’s recommendations on stocks with doubling potential in 3 years or hidden AI stocks to purchase now. This article was originally published on Insider Monkey and contains no disclosures.

Read more at Yahoo Finance: CoreWeave (CRWV) Climbs 11.7% on $14-Billion Meta Deal