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Why CoreWeave Stock Popped Today

TheMotleyFool 
0 0 11.03.26
Why CoreWeave Stock Popped TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Shares of CoreWeave (NASDAQ: CRWV) were climbing today in sympathy with Oracle (NYSE: ORCL), which posted better-than-expected results in its fiscal third-quarter earnings report last night, showing demand for AI compute was strong.

That was good news for neocloud peers like CoreWeave and Nebius, which depend on the same demand and industry-level trends.

CoreWeave stock closed up 9.4% on the news, while Oracle stock jumped 9.2%.

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Source Fool.com

Oracle Corp. Stock

€112.64
1.770%
Oracle Corp. gained 1.770% today.
The stock is one of the favorites of our community with 96 Buy predictions and 1 Sell predictions.
With a target price of 260 € there is potential for a 130.82% increase which would mean more than doubling the current price of 112.64 € for Oracle Corp..
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