Why Shares of Coreweave Are Rising Today
Shares of artificial intelligence infrastructure company CoreWeave (NASDAQ: CRWV) were trading roughly 7% higher, as of 11:05 a.m. ET today. The stock rose along with the broader market, which surged due to positive macro and tariff-related news. It also comes after numerous analysts recently issued bullish ratings on the company.At least a dozen analysts kicked off coverage of CoreWeave yesterday, with seven assigning buy or equivalent ratings and five saying hold. The company runs data centers with Nvidia's graphics processing units, specifically for companies looking to run AI applications without having to build out the infrastructure themselves.CoreWeave had arguably been the most hyped initial public offering of the year, but disappointed in its debut, pricing below its target of $40 per share. AI stocks have largely disappointed this year and CoreWeave's stock has been volatile since going public. Still, many analysts see a lot of runway ahead.Continue reading
Shares of artificial intelligence infrastructure company CoreWeave (NASDAQ: CRWV) were trading roughly 7% higher, as of 11:05 a.m. ET today. The stock rose along with the broader market, which surged due to positive macro and tariff-related news. It also comes after numerous analysts recently issued bullish ratings on the company.
At least a dozen analysts kicked off coverage of CoreWeave yesterday, with seven assigning buy or equivalent ratings and five saying hold. The company runs data centers with Nvidia's graphics processing units, specifically for companies looking to run AI applications without having to build out the infrastructure themselves.
CoreWeave had arguably been the most hyped initial public offering of the year, but disappointed in its debut, pricing below its target of $40 per share. AI stocks have largely disappointed this year and CoreWeave's stock has been volatile since going public. Still, many analysts see a lot of runway ahead.