CoreWeave Expands Meta AI Compute Deal To $21 Billion
CoreWeave has expanded its agreement to supply Meta with AI computing capacity, lifting the total value of the deal to $21 billion, as reported by Bloomberg. The updated terms extend AI cloud services through December 2032.
The circle jerk we’ve been tracking since last year continues…
LOL
*COREWEAVE INKS $14 BILLION META DEAL TO SUPPLY COMPUTING POWER
ye daily circle jerk
— zerohedge (@zerohedge) September 30, 2025
This builds directly on the $14.2 billion pact the companies struck last September, which originally ran through 2031 with an option for extension. The additional capacity will come from multiple data centers equipped in part with Nvidia’s next-generation Rubin AI chip systems.
The move gives Meta more assured access to specialized GPU clusters as it scales training and inference workloads for its expanding lineup of large language models.
As billion-dollar commitments have become almost routine, this latest expansion offers another glimpse into the staggering sums being funneled into AI infrastructure. Meta and the rest of the hyperscalers continue to chase AI dominance, committing vast resources even as it pours money into its own massive data center buildout. The numbers keep climbing with seemingly no ceiling in sight.
Goldman’s head of Delta One slams Nvidia’s increasingly grotesque vendor financing circle jerk
“… definitely not old enough to have been around trading during the tech bubble and let’s level set, multiples are now where near that point in time. That said, vendor financing was… https://t.co/Dt6th2Eobt
— zerohedge (@zerohedge) September 23, 2025
CoreWeave, a provider of GPU-accelerated cloud computing and a longtime Nvidia investment darling, has carved out a lucrative niche in the frenzy. The company has landed nearly every big ticket name from Microsoft to OpenAI, positioning itself as an alternative to the traditional hyperscalers for the most demanding AI jobs. Its backlog of long-term contracts continues to swell, supporting rapid expansion even as the broader market watches the leverage closely.
Earlier this year we noted Nvidia’s additional $2 billion investment in the firm to speed construction of new AI factories, and the company’s revenue forecast adjustments last fall amid shifting contract timing. CoreWeave also carries roughly $21 billion in debt, a figure that coincidentally matches the scale of its enlarged Meta pact.
Biggest circle-jerk in history https://t.co/JlJrpyH06Y
— zerohedge (@zerohedge) April 1, 2026
The deal underscores a broader truth in the current cycle: hyperscalers are willing to lock in enormous, multi-year contracts to guarantee scarce high-performance computing resources. Nvidia itself has repeatedly highlighted the exponential growth in demand, and contracts of this size keep materializing to feed it.
Tyler Durden
Thu, 04/09/2026 – 11:25