03:05 PM EDT, 09/30/2025 (MT Newswires) -- CoreWeave's ( CRWV ) shares soared in Tuesday trading after the artificial intelligence cloud provider disclosed an up to $14.2 billion computing infrastructure deal with Meta Platforms ( META ) .

The companies signed the agreement last Thursday, CoreWeave ( CRWV ) said in a filing with the US Securities and Exchange Commission.

Shares of CoreWeave ( CRWV ), which went public in March, were up 12% in Tuesday afternoon trade, while those of Meta were down 1.8%.

The contract runs through Dec. 14, 2031, with an option for the Facebook and Instagram parent to extend the deal through 2032 for additional cloud computing capacity, according to CoreWeave ( CRWV ).

Meta did not reply to MT Newswires' request for comment.

"They loved our infrastructure in earlier contracts and came back for more," Bloomberg News quoted CoreWeave ( CRWV ) Chief Executive Michael Intrator as saying in a report published Tuesday. As part of the deal, he said CoreWeave ( CRWV ) will provide Meta access to Nvidia's ( NVDA ) latest GB300 systems.

The Meta deal follows last week's announcement of an up to $6.5 billion contract secured by CoreWeave ( CRWV ) to boost Microsoft ( MSFT )-backed (MSFT) Open AI's computing power. Microsoft ( MSFT ) was CoreWeave's ( CRWV ) largest customer for 2023 and 2024, according to an initial public offering prospectus released in March.

Intrator said the Meta deal facilitates customer diversification, according to the Bloomberg report.

Earlier this month, CoreWeave ( CRWV ) signed a new order with Nvidia ( NVDA ) under the existing master services agreement between them, with an initial value of $6.3 billion.

Price: 136.90, Change: +14.38, Percent Change: +11.74