Meta Signs $21 Billion AI Cloud Supply Contract for 10 Years

CoreWeave, Inc. (NASDAQ: CRWV) has signed a long-term infrastructure agreement to provide dedicated AI cloud capacity to Meta Platforms through December 2032, with an estimated contract value of approximately $21 billion (about ₩28 trillion). The company plans to deploy infrastructure across multiple regions and accelerate the rollout of NVIDIA’s new Vera Rubin platform to support Meta’s large-scale AI inference workloads and high-performance computing needs. Meanwhile, CEO Michael Intrator and CFO Nitin Agrawal disclosed that, under pre-established Rule 10b5-1 trading plans, they sold tens of thousands of common shares—securing roughly $2.5 million and $3.2 million in liquidity, respectively (about ₩3 billion and ₩4 billion)—while still retaining substantial equity stakes.

In its recent earnings release, CoreWeave reported full-year 2025 revenue of approximately $5.1 billion (about ₩7 trillion) and a backlog of $66.8 billion (roughly ₩90 trillion). Following these 2025 disclosures, a securities fraud class-action lawsuit was filed, and investors have been notified of claim-participation procedures and deadlines.

Headquartered in Livingston, New Jersey, CoreWeave is a cloud infrastructure provider specializing in AI workloads. Since its NASDAQ listing in 2025, it has expanded its customer base, focusing on generative AI companies. As investment in NVIDIA GPU-based data centers for AI training and inference continues to accelerate, CoreWeave has become a key competitor in the AI hyperscale infrastructure market through long-term contracts with major tech firms, including OpenAI and Meta.