CoreWeave (CRWV) jumps 8% with rosy growth outlook

CoreWeave, Inc. (NASDAQ: CRWV) is one of them 10 shares closed trading week surge, Wall Street range.

CoreWeave rose 7.99% on Friday to a record high as investors continued to build positions amid rosy growth prospects.

For daytime transactions, CoreWeave, Inc. (NASDAQ: CRWV) shares reached 10% to $187, earning profits at $170 and ended at $170.

In recent news, CoreWeave, Inc. (NASDAQ: CRWV) announced record-breaking performance using NVIDIA Corp.’s latest Grace Blackwell chips on the AI-OPTIMIZED cloud platform, making it the biggest benchmarked under MLPERF.

In March of this year, CoreWeave, Inc. (NASDAQ: CRWV) won a $11.9 billion contract with Openai, and welcomed it as a new investor through the sale of $350 million in CRWV stock to the latter. Last month, Openai expanded its deal with an additional $4 billion worth of contracts.

Close-up of a network administrator’s hands running on a cloud computing server.

Tapped last month by Aston Martin Aramco as the official partner of AI Cloud Computing, it offers the opportunity for AI-Accelerated Engineering to support vehicle design efficiency.

While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold a greater commitment to providing higher returns and limited downside risk. If you’re looking for a very inexpensive AI stock that is also a major beneficiary of Trump’s tariffs and supervision, check out our free report. Best Short-Term AI Stocks.

Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now.

Disclosure: None. This article was originally published Insider Monkey.