Shares of AI “neocloud” company CoreWeave (NASDAQ: CRWV) surged by 22.5% on Friday after a peak increase of 26.3% earlier in the day, following a modest gain after its first-quarter earnings report. The stock’s rise was attributed to two sell-side analysts raising their price targets and an SEC filing revealing that Nvidia (NASDAQ: NVDA) increased its stake in CoreWeave shortly after its IPO in March. This combination of analyst optimism and Nvidia’s investment likely contributed to the significant market reaction.
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