We recently published 11 Stocks Crushing Wall Street With Whopping Gains. CoreWeave, Inc. (NASDAQ:CRWV) is one of the top performers on Tuesday.

CoreWeave soared by 11.7 percent on Tuesday to end at $136.85 apiece after striking a new $14 billion dollar deal with Facebook owner, Meta Platforms Inc.

In a regulatory filing last week, CoreWeave, Inc. (NASDAQ:CRWV) said Meta committed to pay $14.2 billion for the supply of computing power, with an option to extend the contract through 2032.

The agreement followed CoreWeave, Inc.’s (NASDAQ:CRWV) separate $6.5 billion deal with OpenAI to power the training of its most advanced next-generation models, bringing its total contract with the latter to $22.4 billion.

In March 2025, CoreWeave, Inc. (NASDAQ:CRWV) announced an initial agreement with OpenAI with a contract value up to $11.9 billion, followed by an expanded agreement worth up to $4 billion in May 2025.

Copyright: ralwel / 123RF Stock Photo

Also last month, CoreWeave, Inc. (NASDAQ:CRWV) announced a £1.5 billion commitment to powering UK AI innovation and growth, as well as the launch of CoreWeave Ventures, a new initiative committed to backing founders and companies developing the platforms and technologies shaping the AI ecosystem.

While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.