# CoreWeave (CRWV) just announced a $21 billion long-term agreement with Meta Platforms.

*business · news · 2026-04-13 · Barchart*

## Key points

- CoreWeave signed a new $21 billion AI cloud agreement with Meta Platforms through December 2032.
- The new Meta agreement will utilize Nvidia’s Vera Rubin platform, marking a technology update.
- CoreWeave projects 2026 revenue of $12–$13 billion and annualized revenue of $30 billion by 2027.
- Despite 71.7% gross margins, CoreWeave's high debt and negative operating income raise financial concerns.
- Cantor Fitzgerald initiated coverage with an 'Overweight' rating and a $149 price target for CRWV stock.

**Companies:** Meta Platforms, Nvidia, Microsoft, CoreWeave
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1281201/a-21-billion-reason-to-buy-coreweave-stock-now)

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