Coreweave inked a multi-year agreement with Anthropic to host Claude AI models on its GPU cloud platform. With this deal, Coreweave now counts nine of the world's top 10 AI model providers as clients, underscoring surging demand for specialized AI cloud infrastructure.
Coreweave (Nasdaq: CRWV) announced a multi-year agreement with Anthropic to provide GPU cloud infrastructure for Claude models. The deal brings Coreweave to 9 of the top 10 AI model providers as clients and adds to its $66.8 billion revenue backlog. The company transitioned from Ethereum mining to become an AI cloud leader.
Coreweave (Nasdaq: CRWV) announced a multi-year deal with Anthropic to provide GPU cloud infrastructure for Claude models, adding the 9th top-10 AI provider to its client roster and boosting its $66.8 billion revenue backlog.
OpenAI's failure to meet internal growth targets sparks sell-off in AI infrastructure stocks. Coreweave drops 5%, SoftBank 10%, Oracle 4%. Concerns mount over OpenAI's ability to fund massive compute deals.
Shares of Coreweave, SoftBank, Broadcom, AMD, Nvidia, and Oracle fell sharply after a report revealed OpenAI missed user growth and revenue targets, raising concerns about its ability to fund future compute deals. Investors shift focus from hype to cash burn.
Reports that OpenAI missed user and revenue targets rattled the AI trade. Stocks heavily tied to OpenAI's compute demand crashed on Tuesday: Coreweave -5%, SoftBank -10%, Oracle -4%, Broadcom -4%, AMD -3%. Market shifts focus from hype to cash sustainability.
Galaxy Digital reported a narrower Q1 loss of $216M, beating estimates. It delivered its first data hall at Helios campus in Texas to CoreWeave, marking the start of AI workload lease revenue. The facility will provide 133 MW by Q2 end, with total capacity exceeding 1.6 GW.
ARKK ETF invested nearly $42 million on April 28 across four stocks, including $14.1M in Alphabet and $14.8M in Coreweave, signaling Cathie Wood's strong conviction in AI despite risks from data center delays and Google's search quality issues.
