CoreWeave's shares rose nearly 12% after announcing a $14.2 billion agreement to provide Meta with artificial intelligence cloud infrastructure, following a recent $6.5 billion expansion with OpenAI. The deal highlights the growing partnerships essential for AI advancements, as Meta invests significantly in expanding its AI capabilities and infrastructure by 2032.

Nvidia's next-generation Blackwell Ultra chips have been commercially deployed at CoreWeave, making it the first cloud provider to utilize these advanced systems. CoreWeave's installation includes Dell-built liquid-cooled AI systems featuring 72 Blackwell Ultra GPUs and highlights its competitive edge in the cloud market. The announcement marks a significant milestone for Nvidia, as demand for their chips continues to grow among AI developers.