AI search company Perplexity has signed a multi-year deal to run its AI workloads on CoreWeave’s cloud platform, drawing investor attention and sending CRWV stock up about 5.7% in pre-market trading.
transaction put Perplexity on NVIDIA GB200 NVL72-powered clusters via CoreWeave’s infrastructure. Those clusters are carry Perplexity’s rapidly growing AI products and loads of Sonar and Search API services.
CoreWeave is also deploying Perplexity Enterprise Max in its offices. Staff can use it to search the web, pull from internal knowledge bases, perform multi-step investigations, explore data, and leverage advanced AI models, all from one tool. place.
Perplexity has already started running workloads through CoreWeave’s Kubernetes service as part of its initial deployment phase. We also use W&B models to train, fine-tune, and manage models from initial testing to production. movement fit perplexity wider The strategy is to expand CoreWeave’s list of AI clients running at production scale while distributing its infrastructure across multiple cloud providers.
Max Helmet, CoreWeave senior vice president Revenue, Cypublic relationsGenerating AI requires more than raw computing power. “AI applications running in production require more than just access to raw data. infrastructure; You need not only best-in-class performance and reliability, but also a cloud platform designed end-to-end for AI that simplifies computing operations,” said Dmitry Shevelenko, Chief Business Officer at Perplexity. called coreweaveI An “indispensable partner” to help companies move in the right direction.
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Just dropped 8%
Stock price falls 8% in extended tradingduring the dayDespite strong revenue, the company’s earnings report on Tuesday showed widening losses and a weaker outlook than Wall Street expected.
The company has $66.8 billion in outstanding contracted revenue, indicating strong long-term demand, but execution concerns and heavy reliance on a small number of customers have made some investors cautious.
Looking ahead, CoreWeave plans to spend $30 billion to $35 billion in capital expenditures in 2026. jump From $10.31 billion in 2025. want Active power expected to reach more than 1.7 GW by year-end, exceeding analyst consensus sitting in 1.59 GW, increasing by over 5 GW over contracted footprint by 2030.
Well-timed announcement before investor conference
The partnership gives CoreWeave a high-profile new customer outside of the Microsoft/OpenAI focus, another weapon for diversification, and pre-market stock appreciation, all before the investor meeting.
Co-founder and Chief Development Officer Brannin McBee will speak at the Morgan Stanley TMT Conference in San Francisco on Wednesday, March 4, 2026 at 4:05 PM ET. Vice President Nick Robbins will follow the Kantar Global Technology Conference in New York on Tuesday, March 10, 2026 at 2:30 pm ET.
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As Cryptopolitan previously reported, Nvidia put $2 billion for CoreWeave; pick up Class A shares are priced at $87.20 per share. CEO Mike Intrater said: thE-money will help the company “accelerate its build” and expand its customer base. “This will lead to continued diversification,” he said.
coreweave earn money Renting GPU-intensive computing power from your data center gives your business the power it needs to train and keep its AI models running. it is Built with a growing class of cloud providersHey?r One thing: Power your AI.
