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Investing.com - CoreWeave (NASDAQ:CRWV), whose stock has surged nearly 20% in the past week and is trading at $117.92, disclosed Monday that it has entered into a new order form with Nvidia under its existing Master Services Agreement (MSA), according to an 8K filing. According to InvestingPro, the company currently maintains a ’Fair’ overall financial health score.
The agreement stipulates that Nvidia will spend $6.3 billion on CoreWeave infrastructure and is obligated to purchase any residual unsold capacity through April 13, 2032, subject to termination and delivery requirements by either party. This deal represents a significant commitment for CoreWeave, which currently has a market capitalization of $58.05 billion.
Under normal conditions, the MSA will remain in effect until all outstanding orders expire, with the full MSA description to be included in CoreWeave’s 10-Q for the quarter ending September 30, 2025.
Barclays maintained its Equalweight rating and $140.00 price target on CoreWeave stock, viewing the amended MSA as a positive development that addresses investor concerns about the company’s ability to fill data center capacity beyond its two largest customers, Microsoft and OpenAI. Get comprehensive analysis and 15+ additional ProTips with a InvestingPro subscription, including our detailed Pro Research Report covering what really matters about CoreWeave’s business fundamentals and future prospects.
The investment firm noted that the deal provides a backstop for CoreWeave, ensuring capacity utilization regardless of the end customer, while the incremental spend by Nvidia represents healthy diversification from CoreWeave’s largest customers.
In other recent news, CoreWeave disclosed a $6.3 billion cloud computing agreement with NVIDIA Corporation. This deal allows CoreWeave to sell reserved cloud computing capacity while providing NVIDIA access to any unsold capacity. Deutsche Bank has added CoreWeave to its Catalyst Call Buy Idea List, citing the strong demand for AI infrastructure and CoreWeave’s substantial powered shell capacity expected to come online soon. Freedom Capital Markets upgraded CoreWeave’s stock rating from Sell to Hold, following better-than-expected Q2 FY2026 results, which included accelerated subscription revenue growth. Additionally, CoreWeave launched CoreWeave Ventures to support startups in the AI ecosystem, offering investment resources and technical expertise. In corporate developments, several CoreWeave executives sold significant shares in early September, with Director Jack D. Cogen selling over a million shares for approximately $104.3 million.
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