U.S. stock markets ended the day higher, with the S&P 500 logging its fifth straight gain. The Nasdaq led the charge, jumping 4.36% to close at 19,215.46.
CoreWeave shares traded slightly higher Monday morning after a record week. Strong revenue growth, a large backlog and new financing support are fueling its AI ambitions.
Large-cap stocks surged in the last week. CoreWeave, Super Micro, Coinbase, NRG Energy, Astera Labs, First Solar, Exelixis, Rocket Lab, Hims & Hers, On Holding and Gap were the top performers.
Wall Street analysts raise PT on CRWV. JP Morgan maintains Overweight rating & raises PT from $43 to $66. Needham maintains Buy & raises PT from $55 to $78.
CoreWeave stock soared to a new all-time high Friday fueled by strong AI enthusiasm. Strong financial results, backlog and OpenAI deal have boosted shares.
CoreWeave said first-quarter revenue increased 420% year-over-year to $981.63 million, beating analyst estimates of $859.77 million. The Nvidia-backed AI infrastructure company reported an adjusted loss of approximately 60 cents per share.
