CoreWeave closes two debt offerings totaling $5.25 billion. The transactions finalized on April 14, 2026. The company priced $1.75 billion in upsized senior notes. It also priced $3.5 billion in upsized convertible senior notes. This capital supports scaling AI-focused cloud infrastructure.
CoreWeave expanded its partnership with Meta through a $21 billion deal. This agreement runs through 2032. A new partnership with Anthropic supports the Claude family of AI models. The company now provides infrastructure for nine of the top ten AI labs.
CoreWeave stock rallied significantly ahead of the funding close. DA Davidson raised its price target for the company by 40%. The new price target stands at $175. Analysts labeled the company the neocloud of choice for leading AI firms.