CoreWeave Expands Agreement With OpenAI To Train Next-Gen Models

CoreWeave Inc (NASDAQ: CRWV) shares are volatile Thursday morning after the company announced an expanded agreement with OpenAI.

What To Know: CoreWeave announced a deal valued at up to $6.5 billion to expand its agreement with OpenAI to power the training of its next-generation models.

CoreWeave previously announced an agreement with OpenAI in March valued at up to $11.9 billion. The companies announced a follow-on agreement worth up to $4 billion in May. With Thursday’s deal, the company now has a total contract value with OpenAI of approximately $22.4 billion.

“We are proud to expand our relationship with OpenAI, a company consistently at the forefront of advancing artificial intelligence,” said Michael Intrator, co-founder, chairman and CEO of CoreWeave.

“This milestone affirms the trust that world-leading innovators have in CoreWeave’s ability to power the most demanding inference and training workloads at an unmatched pace.”

How To Buy CRWV Stock

By now you're likely curious about how to participate in the market for CoreWeave – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

CRWV Price Action: CoreWeave shares were up 2.23% at $136.38 at the time of publication Thursday, according to Benzinga Pro.

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