Shares of CoreWeave (NASDAQ:CRWV) moved higher in U.S. premarket trading on Friday after AI startup Anthropic agreed to lease computing capacity from the cloud infrastructure specialist.
CoreWeave said the partnership will support Anthropic in building and deploying its widely used Claude AI models.
The two companies plan to begin with a “phased infrastructure roll-out,” with scope to expand the collaboration over time, according to CoreWeave.
The development follows a recently announced $21 billion agreement under which CoreWeave will also supply cloud computing capacity to Meta Platforms, supporting the tech giant’s efforts to scale the infrastructure required for advanced AI workloads.
CoreWeave shares rose nearly 3.5% on Thursday after the Meta deal was disclosed.
Based in New Jersey, CoreWeave operates data centers equipped with high-performance Nvidia graphics processing units, delivering the large-scale computing power sought by hyperscalers such as Meta and other major technology firms.
The company noted that nine of the world’s ten leading AI model developers now rely on its platform, highlighting strong and growing demand for infrastructure capable of supporting AI at scale.