We recently published 10 stocks with crazy profits. CoreWeave Inc. (NASDAQ:CRWV) was one of the top performers on Monday.
CoreWeave rose its share price 14.7 percent in intraday trading on Monday to $91.30 each on renewed confidence in the artificial intelligence industry.
At market close, shares finished 12.22 percent higher at $89.93 each.
In other news, CoreWeave Inc. (NASDAQ:CRWV) received a neutral rating and $86 price target from Goldman Sachs, with the belief that the company’s purpose-built architecture provides a competitive advantage over traditional hyperscalers and other neoclouds, supported by the AI ​​computing industry’s supply squeeze.
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Goldman Sachs said it expects CoreWeave Inc. (NASDAQ:CRWV) to land big contracts and that maintaining speed and reliability would help drive more deals in the future.
In addition to Goldman, CoreWeave Inc. (NASDAQ:CRWV) also earned a neutral rating from DA Davidson, a significant improvement from previous underperformance, citing OpenAI’s potential $100 billion fundraising as a catalyst for CoreWeave.
DA Davidson assigned a price target of $68.
While we recognize CRWV’s potential as an investment, our conviction lies in the belief that some AI stocks have more promise for generating higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.