CoreWeave, Meta Strike $21 Billion for AI Computing | Bloomberg Tech 4/9/2026

CoreWeave deal totals $35 billion

Meta signed an additional $21 billion agreement with CoreWeave for AI computing through 2032, bringing their total contracted value to $35 billion as Zuckerberg front-loads capacity.

Shift to closed-source monetization

Meta debuted 'New Spark,' its first closed AI model departing from its open-source Llama strategy, signaling a pivot toward monetizing proprietary technology.

Training on Chinese models raises eyebrows

New Spark was trained using Alibaba's Qwen among other open-source models, representing a notable departure from U.S. tech efforts to avoid Chinese AI amid national security tensions.

Anthropic employees bet on higher valuations

Anthropic completed a secondary share sale at a $350 billion valuation with a $30 billion revenue run rate, but the sale was undersubscribed as employees refused to sell believing prices remain too low.

CoreWeave taps convertible debt markets

CoreWeave issued $3 billion in convertible notes and secured $1.25 billion in credit to finance Meta contracts, demonstrating strong bondholder appetite for AI infrastructure despite negative free cash flows.

Chips outperform software dramatically

AI chip stocks have gained over 20% year-to-date while broader software faces redemptions and single-digit declines, as markets treat the sector as zero-sum with infrastructure demand outpacing training needs.

Iran tensions threaten AI hardware costs

Escalating U.S.-Iran conflict and potential Strait of Hormuz closures could spike oil prices, directly impacting Taiwan and South Korea—the primary manufacturing hubs for AI hardware.

Energy costs may cascade to hyperscalers

Prolonged elevated oil prices in key Asian manufacturing economies would likely be passed along to U.S. software companies, increasing the cost of AI capex already running at massive negative cash flows.

Tech valuations compress despite growth

J.P. Morgan notes tech sector valuations have fallen below consumer staples levels even as earnings expectations climb, creating a constructive setup for equities if geopolitical risks resolve.

Infleqtion launches sensors to ISS

Infleqtion is deploying quantum sensors to the International Space Station to enable GPS-free navigation using atomic clocks, with astronaut Christina Koch involved in installation.

Gravity sensing for underground monitoring

The technology detects minute gravity changes from orbit, allowing precise monitoring of underground construction, aquifer depletion, and subterranean infrastructure without satellite dependence.