business / news / / Benzinga
CoreWeave said Thursday it has expanded its long-term agreement with Meta to provide AI cloud capacity through December 2032.
CoreWeave expanded its AI cloud capacity deal with Meta through December 2032, valued at $21 billion.
KEY POINTS
- 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
Summarized by Newsio from Benzinga. How we summarize →