CoreWeave (CRWV) stock is up 264% this year, fueled by soaring demand for its high-performance computing services and a string of major contracts. The latest is a $14.2 billion deal with Meta Platforms (META), under which CoreWeave will supply the computing power needed to run AI applications. Several analysts stayed bullish on the stock after the deal, maintaining their Buy …
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The stock of CoreWeave (CRWV) is down 10% on reports that insiders are dumping their shares in the artificial intelligence (AI) company. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Regulatory filings with the U.S. Securities and Exchange Commission (SEC) …
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CoreWeave (CRWV), an AI data center company, saw its stock sink on Tuesday after a large wave of insider selling. In fact, since its lockup period ended in August, insiders, such as CEO Michael Intrator and hedge fund Magnetar, have sold more than 7 million shares, according to Bloomberg. For reference, a lockup period is a rule that stops major …
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CoreWeave (CRWV) stock has dropped sharply since the company reported its second-quarter results. The company posted a 207% rise in Q2 revenue but reported a larger-than-anticipated loss. Despite the drop, H.C. Wainwright’s Top analyst, Kevin Dede, upgraded the stock from Neutral to Buy and set a price target of $180. The new rating highlights the company’s strong fundamentals and long-term potential in the …
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AI infrastructure firm CoreWeave (CRWV) has dropped 38% since posting its Q2 earnings on August 11. This downside came despite CRWV’s 207% year-over-year revenue growth and a record $30.1 billion backlog. However, soaring expenses and CoreWeave’s IPO lock-up period expiration spooked investors. Thus, this dip may present a buying opportunity for long-term investors, especially through exchange-traded funds (ETFs) that offer diversified …
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