# CoreWeave said Thursday it has expanded its long-term agreement with Meta to provide AI cloud capacity through December 2032.

*business · news · 2026-04-09 · Benzinga*

## Key points

- CoreWeave expanded its AI cloud capacity deal with Meta through December 2032, valued at $21 billion.
- The company is issuing convertible notes to support general corporate purposes, including debt repayment and dilution management.
- CoreWeave is outperforming the Technology sector, rising 3.51% while the sector is down 0.55% today.
- Analyst consensus rates CoreWeave a Buy with an average price target of $123.04, despite weak value metrics.

**Companies:** CoreWeave

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/51737541/coreweave-lands-massive-21-billion-meta-deal)

---

Canonical: https://newsio.io/n/21f4184a-6ad3-4145-a841-38f4314768da/coreweave-said-thursday-it-has-expanded-its-long-term-agreement-with-meta-to-pro
Summarized by Newsio from Benzinga. https://newsio.io/how-it-works