CoreWeave Secures Anthropic, Meta Deals; Raises Capital

(NASDAQ:CRWV) announced a multi-year agreement with Anthropic to support its Claude AI models, alongside a $21 billion expansion deal with Meta and a $1.75 billion private offering of senior notes, significantly bolstering its market position and financial capacity. The Anthropic agreement brings compute capacity online later this year, with Anthropic utilizing CoreWeave’s cloud platform for production-scale workloads.

CoreWeave stated that nine of the top ten AI model providers now use its platform. The company, which went public in March 2025, reported a 168% revenue climb in the last twelve months.

CoreWeave also priced $1.75 billion in senior notes due 2031 at a 9.75% interest rate, an increase from its initial announcement, and plans further offerings of $1.25 billion in senior notes and $3 billion in convertible senior notes. S&P Global Ratings revised CoreWeave’s outlook to positive, affirming a B+ issuer credit rating.

Evercore ISI estimates the Meta expansion agreement could generate $3.5 billion to $4.0 billion in annual revenue. Despite these positive developments, CoreWeave's stock currently trades above its Fair Value, placing it on the "Most Overvalued" list, according to InvestingPro.