CRWV is trading at $97.63 (+8.89%) in pre-market following the announcement of a massive $21 billion agreement to supply AI cloud capacity to Meta Platforms through 2032.
- The long-term deal secures a major revenue stream and strengthens CoreWeave's position as a critical infrastructure provider for Meta’s AI initiatives.
- Positive sentiment is bolstered by Meta's own stock performance, which rose 2.61% on April 9 with continued gains in after-hours trading.
- The significant price move aligns with the high-value contract news, with thin pre-market liquidity likely amplifying the upward momentum.