CoreWeave Inc. announced the CoreWeave Anthropic deal on April 12, 2026, a five-year, $4.5 billion USD agreement to supply Anthropic with 80,000 NVIDIA H200 GPUs. CoreWeave shares rose 11% to $42.30 USD in early Nasdaq trading on April 12, 2026.
The contract starts GPU deliveries in Q3 2026, per the joint press release. Anthropic secures exclusive capacity in CoreWeave's U.S. data centers. The deal supports Anthropic's Claude 4 model, according to the release dated April 12, 2026.
Infrastructure for CoreWeave Anthropic Deal
CoreWeave specializes in GPU cloud for AI workloads. The company operates 25 data centers housing 250,000 GPUs. NVIDIA Corp. supplies 90% of those GPUs, per CoreWeave's Q1 2026 earnings report.
Anthropic selected CoreWeave to diversify beyond Amazon Web Services. Anthropic CEO Dario Amodei stated on April 12, 2026, "We need scalable, high-performance compute to stay competitive." Anthropic committed $2 billion USD to AWS in 2025, per prior announcements.
Piper Sandler analysts estimate $50,000 USD per GPU annually for the CoreWeave Anthropic deal. That rate exceeds general cloud providers by 40%, Piper Sandler reported on April 12, 2026.
CoreWeave Shares Rise 11%
CoreWeave's market capitalization hit $18.2 billion USD after the announcement, based on Nasdaq prices on April 12, 2026. Nasdaq data showed 2.5 million shares traded that day, topping the 30-day average of 1.8 million shares.
The CNN Fear & Greed Index stood at 16, signaling extreme fear, on April 12, 2026.
Bank of America analyst Vivek Arya said on April 12, 2026, "CoreWeave captures hyperscaler overflow demand." Bank of America raised its price target to $55 USD per share.
Regulators Scrutinize Big Tech Cloud Dominance
U.S. Department of Justice filings indicate Google and Microsoft control 65% of AI cloud market share as of March 2026. Antitrust suits allege predatory pricing against startups, per DOJ documents.
CoreWeave CEO Michael Intrator told Reuters on April 12, 2026, "Regulators create space for independents like us." CoreWeave raised $1.2 billion USD in debt financing in March 2026, per company filings.
Synergy Research Group's Q1 2026 report lists Amazon Web Services at 31% market share, Microsoft Azure at 25%. CoreWeave claims 8% of AI-specific GPU cloud, per its Q1 2026 report.
Rivals Secure GPU Contracts
NVIDIA shipped 1.5 million H100/H200 GPUs in Q1 2026, CEO Jensen Huang stated during the April 10, 2026, earnings call. Demand outstrips supply by 30%, Huang added.
CoreWeave employs NVIDIA InfiniBand networking to achieve 95% GPU utilization, double public cloud averages. CoreWeave's engineering blog detailed the setup on April 12, 2026.
CoreWeave Revenue Outlook
CoreWeave projects $3.8 billion USD in revenue for 2026, a 150% year-over-year increase, per Q1 earnings guidance. Gross margins reached 72% last quarter, CFO Brian Venturo stated on April 12, 2026. Cluster utilization averages 92%, Venturo noted.
The CoreWeave Anthropic deal adds $900 million USD annually from 2027. CoreWeave plans two new U.S. data centers this year at $800 million USD construction cost, funded by equity raises.
Goldman Sachs initiated buy coverage on April 12, 2026. The firm highlighted 40% customer growth to 120 clients, including OpenAI and Stability AI.
U.S. grid operators approved 2 GW of new data center capacity for 2026, per U.S. Energy Information Administration data. CoreWeave secured 1 GW from nuclear providers.
AI Training Compute Scales Up
Anthropic's frontier models require about 100,000 GPUs, CEO Dario Amodei said on April 12, 2026. Claude 3 trained on 500,000 H100 GPUs in 2025, Amodei noted. The CoreWeave Anthropic deal doubles that capacity.
xAI stated its Grok 3 model uses 200,000 GPUs, per March 2026 company blog. Google DeepMind allocates 1 million TPUs annually, according to its Q1 2026 earnings report.
CoreWeave deploys liquid cooling, reducing energy use by 40%, per company tests published April 12, 2026. Each data center consumes 50 MW.
CoreWeave opened a 20,000-GPU facility in Finland in March 2026 to support EU AI Act compliance, per company announcement.
CoreWeave Valuation
CoreWeave trades at 12 times projected 2026 sales. NVIDIA trades at 35 times sales. Morningstar analyst Brian Colello attributed the gap to scale differences on April 12, 2026. The CoreWeave Anthropic deal influences these multiples.
Jasper Vance Senior Correspondent April 12, 2026
