CoreWeave (CRWV) Soars 14.7% on AI Optimism

Core Insights - CoreWeave Inc. (NASDAQ:CRWV) experienced a significant increase in share price, rising by 14.7% during intra-day trading to reach $91.30, closing at $89.93, a 12.22% increase, driven by renewed confidence in the artificial intelligence industry [1][3] - Goldman Sachs has assigned a neutral rating to CoreWeave with a price target of $86, citing the company's purpose-built architecture as a competitive advantage in the AI computing sector [2] - DA Davidson also provided a neutral rating for CoreWeave, upgrading it from underperform, and set a price target of $68, highlighting OpenAI's potential $100 billion fundraising as a catalyst for CoreWeave [3] Market Position - CoreWeave is expected to secure large contracts, with its speed and reliability being key factors for future deals [3] - The AI computing industry is currently facing supply constraints, which may benefit CoreWeave's market position against traditional hyperscalers and neoclouds [2]