CoreWeave Jumps 6% on Truist Buy Upgrade, Outperforming Cloudflare, Snowflake, Oracle

CoreWeave (CRWV) shares rose 6% to $84.02 on Wednesday after Truist upgraded the stock to Buy from Hold, setting a $126 price target. The upgrade is driven by a shift in AI spending from model training to inference, with open models and sovereign AI broadening compute demand. The rally is idiosyncratic, as cloud peers Cloudflare, Snowflake, and Oracle were flat or down. Baird also initiated coverage on CoreWeave at Outperform with a $100 target, citing demand outstripping supply. CoreWeave announced that Anam, an interactive-AI-avatar platform, will use its cloud for inference on NVIDIA Blackwell GPUs. Despite the positive catalyst, the article notes a 33% monthly pullback and customer concentration risks, advising disciplined position sizing.

First published Aug 4, 02:52 PM UTCUpdated Jul 22, 03:17 PM UTC1 reports · 1 sources

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CoreWeave Jumps 6% on Truist Buy Upgrade, Outperforming Cloudflare, Snowflake, Oracle

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CoreWeave Jumps 6% on Truist Buy Upgrade, Outperforming Cloudflare, Snowflake, OracleYahoo FinanceWesternJul 22, 03:17 PM UTC

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