Why CoreWeave Stock Popped Today
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%.
Source Fool.com
Oracle Corp. Stock
€162.06
1.920%
With 111 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 235 € shows a positive potential of 45.01% compared to the current price of 162.06 € for Oracle Corp..
