Why Shares of CoreWeave Are Soaring Today

Shares of cloud infrastructure player CoreWeave (NASDAQ: CRWV) were trading 15% higher as of 10:50 a.m. ET Tuesday. The stock price jump came after the company announced a new $14.2 billion deal with Meta Platforms.In a regulatory filing Tuesday morning, CoreWeave announced that it had expanded its deal with Meta Platforms: It will provide cloud computing capacity to the social media giant through 2031 for $14.2 billion. Meta also has "the option to materially expand its commitment through 2032 for additional cloud computing capacity under the Order Form."Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool