CoreWeave (CRWV) Stock Skyrockets on Nvidia-Backed AI Deals – Analysts Eye More Upside
CoreWeave (NASDAQ: CRWV) closed at $139.24 on Oct 15 after a 4% gain, up 250% from its March IPO, with a market cap near $70 billion. The company announced major AI deals with Meta and OpenAI, and launched new cloud products. Q2 revenue jumped 207% to $1.21 billion, but losses continued. Most analysts rate CRWV a Buy, with an average price target near $153.