Core View - CoreWeave's stock has seen significant growth since its IPO in March, rising over 200% from its $40 IPO price to $187 in June [1][3] - The stock is currently receiving attention due to upgrades from Melius Research and Wells Fargo, indicating strong analyst confidence [1][3] Analyst Upgrades - Wells Fargo upgraded CoreWeave to overweight from equal weight, raising the price target from $105 to $170, citing benefits from the elevated build cycle and hyperscaler industry shortages expected to last until the end of 2026 [3][4] - Melius Research upgraded CoreWeave to buy from hold, increasing the price target from $128 to $165, highlighting the company's advantage in cloud demand and its position to gain market share due to early access to Nvidia's next-generation AI systems [5][6] Market Context - The ongoing hyperscaler shortages are seen as a positive for CoreWeave, with expectations that the company will capture more market share [4][5] - The demand signals for CoreWeave are described as "too strong to ignore," indicating a robust outlook for the company [4] Trading Insights - Options strategist Tim Bigum suggests that while CoreWeave's stock may not see significant upside in the short term due to its rapid rise, it is unlikely to experience major downside risks [8][9] - The current trading environment shows a higher call skew compared to put skew, suggesting that speculative upside may be overextended [10]

Market Trends & Industry Dynamics - Larry Ellison surpassed Elon Musk to become the world's richest person, according to Bloomberg's billionaire index [1] - Oracle's stock skyrocketed due to astonishing cloud demand numbers [1] - Oracle is nearing a trillion dollar market cap [1] - Elon Musk has fallen to second place on the rich list, ending a year-long reign [1] Company Performance - Larry Ellison's fortune jumped more than $100 billion after Oracle's stock surge [1] - Oracle shares have climbed more than 100% this year [2] - Tesla shares have fallen more than 10% this year [2]

Turning now to the other big market story and the big surge, it's Oracle. As we mentioned, the stock is surging to an all-time high today after the company reported highly bullish cloud demand numbers for the coming years. Shares are on pace for their best stay in over three decades.And the company is quickly approaching the $1 trillion benchmark for market value after the stock gained almost $300 billion in market cap just overnight alone. Our own Mackenzie Sagalos is out in San Francisco and has all the d ...