CoreWeave Secures $4.2B Meta Deal Amid AI Expansion
Update: 2025-09-30
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CoreWeave continues its aggressive funding streak, securing a $4.2 billion cloud infrastructure deal with Meta. The company, which rents out NVIDIA-equipped data centers, previously inked deals with OpenAI ($6.5B) and Oracle, positioning itself as a key infrastructure player in the AI boom. The August JOLTS report came in slightly higher than expected at 7.2 million job openings, providing limited support for rate cut expectations. Markets remained quiet as traders await the non-farm payroll report, which may not be released if the government shuts down. DraftKings (DKNG) shares weakened on emerging competition from Robinhood's prediction markets. Despite near-term pressure, the sports betting platform may represent a buying opportunity given the temporary nature of these competitive concerns.
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