Backblaze, Infleqtion, Zeta Global And Other Big Stocks Moving Higher On Tuesday - Bed Bath & Beyond (NYS

U.S. stocks were lower, with the Dow Jones index falling more than 200 points on Monday.

Shares of Backblaze Inc (NASDAQ:BLZE) rose sharply after the company announced a five-year, $335 million multi-exabyte data storage agreement with CoreWeave Inc.

(NASDAQ:CRWV).

Under the agreement, Backblaze will provide cost-efficient HDD-based storage capacity that supports portions of CoreWeave’s managed storage infrastructure, helping optimize data placement across performance tiers while preserving high-performance storage resources for AI workloads.

Backblaze shares jumped 30.4% to $10.59 on Tuesday.