The deal comes one day after Meta committed an additional $21 billion in spending to the cloud provider as AI demand continues to soar.

Meta's additional spending commitments with CoreWeave will be deployed from 2027 to 2032.

The AI cloud infrastructure company has secured two marquee partnerships within two days, sending shares climbing.

The deal comes one day after Meta committed an additional $21 billion in spending to the cloud provider as AI demand continues to soar.