Michael Intrator, Chief Executive Officer of CoreWeave Inc., speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 22, 2025.
Jeenah Moon | Reuters
Shares of CoreWeave popped more than 8% in premarket trading on Tuesday after that the company announced it has agreed to provide Meta with $14.2 billion of artificial intelligence computing infrastructure.
A representative for CoreWeave confirmed the deal on Tuesday. Meta did not immediately respond to CNBC’s request for comment.
“They loved our infrastructure in earlier contracts and came back for more,” CoreWeave CEO Michael Intrator told Bloomberg in an interview.
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