Tech giant Meta is rushing to CoreWeave for AI capacity.

CoreWeave ( CRWV 1.31% ) has grabbed investors' attention for a few reasons over the past several months. The company has secured a close relationship with artificial intelligence (AI) chip giant Nvidia , and this is a key to the success of its own business, which is offering AI compute capacity to customers.

This young AI player also announced soaring revenue growth over the past two quarters, reporting results as it became a publicly traded company. Finally, since that March initial public offering, CoreWeave's stock has surged more than 200%.

But that isn't the end of the good news. In recent weeks, CoreWeave has demonstrated the strength of its business by signing billion-dollar deals with customers, from an expansion

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