CoreWeave stock pops 11% on deal to power Anthropic’s Claude

CoreWeave On Friday, Anthropic and Claude announced a multi-year agreement to power their AI models as infrastructure demand continues to grow.

Neocloud’s shares rose 11% following the news.

“With the addition of Anthropic, nine out of ten leading AI model providers now use the CoreWeave platform, reflecting the growing demand for infrastructure that can support AI at scale.” CoreWeave he said in the announcement.

The deal comes one day later Meta It has committed to spending another $21 billion on the AI ​​cloud provider. The deal adds to the $14.2 billion commitment announced in September.

CoreWeave declined to disclose the value of the Anthropic deal. The cloud provider told CNBC that among the top ten core AI models, Elon Musk’s xAI is the only company they haven’t worked with yet.

According to the announcement, the Anthropic deal will initially focus on a “phased infrastructure rollout” with the potential for expansion.

CoreWeave operates hundreds of thousands of data centers Nvidia Graphics processing units that power artificial intelligence models. As hyperscalers build their own data centers, including large companies MicrosoftOpenAI and Google It also uses CoreWeave’s infrastructure to meet growing demand.

CoreWeave, which went public last year, has taken on significant debt to finance a series of AI deals. CNBC previously reported that the company had $21 billion in debt on its balance sheet by the end of 2025. $8.5 billion It will fund new infrastructure in March.

The company announced yesterday that it would make a raise. $3 billion new debt To finance his deal with Meta.

“We’re focusing our energy on taking advantage of this generation opportunity to significantly grow and expand our business,” CoreWeave CEO Mike Intrator said Friday on CNBC’s “Squawk on the Street.”

“We need the opportunity to scale, and scaling is expensive,” Intrator added.

Anthropic’s Claude and its AI-powered coding assistant Claude Code have exploded in popularity this year. Anthropic said Monday that its annual run rate has increased from $9 billion to $30 billion by the end of 2025.