Meta Platforms is one of CoreWeave’s (NASDAQ: CRWV) biggest customers, locked into a deal valued at $35 billion running through 2032.
Despite that massive, long-term revenue commitment, CoreWeave shares declined following Meta’s own cloud infrastructure announcement.
The selloff reflects growing investor anxiety about whether neocloud operators can hold their ground as hyperscalers aggressively build out their own AI capacity.
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CoreWeave (NASDAQ: CRWV) Stock Price Sinks Despite $35 Billion Meta Deal As Hyperscaler Competition Intensifies
July 27, 2026