Clicking on all cylinders, CoreWeave stock jumps in premarket after Claude-maker Anthropic agrees to rent AI capacity

 CoreWeave gained in premarket U.S. trading on Friday after artificial intelligence start-up Anthropic agreed to rent computing power from the specialized cloud provider.

In a statement, CoreWeave said the deal will see the company help Anthropic build and deploy its popular Claude AI models.

Anthropic and CoreWeave will initially focus on a “phased infrastructure roll-out” with the potential to expand over time, CoreWeave said.

The news comes after CoreWeave inked a new $21 billion deal to also provide cloud computing capacity to Facebook-owner Metal Platforms, aiding the social media giant’s push to construct the digital infrastructure needed to support cutting-edge AI workloads.

Following the announcement of the Meta agreement, CoreWeave’s stock price rose by just under 3.5% on Thursday.

New Jersey-based CoreWeave offers data centers that house Nvidia’s top-of-the-line graphics processing units, which provide the massive computing capacity that hyperscalers such as Meta and its megacap peers have been racing to obtain.