CoreWeave (CRWV) Shares Climb Following Perplexity Deal

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Summary

  • CoreWeave’s stock price climbed more than 4% in premarket trading following the announcement of a multi-year agreement with Perplexity.
  • Perplexity plans to execute its AI inference tasks on CoreWeave’s infrastructure using clusters powered by NVIDIA GB200 NVL72.
  • The agreement supports the growth of Perplexity’s Sonar and Search API services as its user base expands.
  • Mike Intrator, CEO of CoreWeave, noted that the partnership helps the company diversify its client list beyond its current base.
  • Additionally, CoreWeave will implement Perplexity Enterprise Max for its internal workforce.

Shares of CoreWeave rose by over 4% in premarket trading on Wednesday after the AI cloud provider announced a multi-year strategic alliance with the AI search firm Perplexity.

The partnership was initially reported by Axios. As part of the deal, Perplexity will run its next-generation AI inference operations on CoreWeave’s cloud platform.

Perplexity will employ dedicated NVIDIA GB200 NVL72-powered clusters for these operations. This setup is intended to facilitate the scaling of Perplexity’s Sonar and Search API ecosystem as demand grows.

CRWV Stock Card

CoreWeave CEO Mike Intrator characterized the deal as a conscious effort to expand the company’s customer base. “This collaboration highlights a broader range of emerging AI leaders choosing the CoreWeave platform,” Intrator told Axios. “Like many others, they select us for our integrated AI cloud platform, not merely for access to compute power.”

Perplexity has already started running inference tasks using the CoreWeave Kubernetes Service during the initial phase of the rollout.

The firm is also utilizing W&B Models to train, adjust, and oversee models from the experimental stage through to full production.

The Reason Perplexity Selected CoreWeave

Dmitry Shevelenko, Perplexity’s Chief Business Officer, pointed to both technical prowess and a partner-centric strategy as major reasons for the choice. “CoreWeave is a vital partner in our mission to optimize our infrastructure and the models we employ to offer Perplexity users across various sectors the most powerful AI tools and agents available,” he stated.

Max Hjelm, SVP of Revenue at CoreWeave, noted that AI production environments require more than just raw processing power. “AI applications in production demand top-tier performance and reliability, as well as a cloud platform built from the ground up for AI,” he said.

This partnership is part of Perplexity’s wider multi-cloud strategy, allowing for flexibility among different infrastructure providers.

Beyond Compute Resources

In addition to infrastructure services, CoreWeave will deploy Perplexity Enterprise Max throughout its own organization. This will provide CoreWeave employees with access to web and internal search, research capabilities, data visualization, and AI model access within a single platform.

The relationship is reciprocal: CoreWeave gains an infrastructure contract, while Perplexity secures a well-supported internal rollout of its product within a fast-growing AI firm.

CoreWeave holds a Platinum ranking in both the 1.0 and 2.0 SemiAnalysis ClusterMAX evaluations, which assess AI cloud performance, efficiency, and reliability. It is the only AI cloud provider to earn this distinction in both versions.

Having recently gone public, CoreWeave has been growing its list of enterprise AI clients. The agreement with Perplexity adds a high-profile brand to its customer roster.

CRWV stock was trading up more than 4% in premarket hours on Wednesday, March 4, 2026.