CoreWeave’s Stock Skyrockets Following Strategic Partnership with Perplexity AI
CoreWeave, a leading provider of AI cloud infrastructure, announced a strategic multi-year partnership with AI search company Perplexity on March 4, 2026. This announcement led to a nearly 7% surge in CoreWeave’s stock during early trading. The timing of this deal is pivotal for CoreWeave, as it follows a 25% drop in share value the previous week due to disappointing earnings guidance.
As part of the agreement, Perplexity will leverage CoreWeave’s platform for its next-generation AI inference workloads, utilizing dedicated NVIDIA GB200 NVL72-powered clusters. This infrastructure will bolster Perplexity’s rapidly expanding product suite, which includes:
- Sonar
- Search API ecosystem – currently responding to over 1.5 billion global queries each month
This partnership further solidifies CoreWeave’s standing as a specialized AI infrastructure provider, adding to its roster of high-profile clients such as OpenAI and Meta. Additionally, CoreWeave will integrate Perplexity Enterprise Max across its organization, enabling employees to harness advanced AI capabilities for research and data analysis. The financial details of this multi-year agreement remain undisclosed.
Source: Business Wire