CoreWeave (CRWV) and Meta (META) announce USD 21bln expanded AI infrastructure agreement; agreement includes initial deployments of Nvidia (NVDA) Vera rubin platform
The announcement of a USD 21 billion agreement between CoreWeave and Meta for AI infrastructure marks a significant commitment to advancing AI capabilities, particularly with the inclusion of Nvidia's Vera Rubin platform.
Chevron (CVX) timing effects expected to adversely affect Q1 earnings and cash flow from ops excluding working capital by about USD 2.7-3.7bln
Occidental Petroleum (OXY) reports an oil discovery at the Bandit prospect in the Gulf of America
CoreWeave (CRWV) and Meta (META) announce USD 21bln expanded AI infrastructure agreement; agreement includes initial deployments of Nvidia (NVDA) Vera rubin platform
South African Manufacturing Production YoY (Feb) Y/Y -2.8% (Prev. -0.7%)
South African Manufacturing Production MoM (Feb) M/M -2.2% (Prev. 1.5%)
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This deal underscores the growing synergy between cloud services and AI, which could drive further consolidation in the tech sector, especially among firms engaged in AI and semiconductors. Investors should watch for potential impacts on related stocks and sectors, as this partnership could set the stage for competitive shifts in the market.
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