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, with a price target of $126, citing a shift in AI spending from model training to inference. The rally was analyst-driven, diverging from a soft tape for cloud peers: Cloudflare fell 1%, Snowflake dropped 2%, and Oracle was flat. Truist framed CoreWeave as the leading neocloud with 1 gigawatt of active power and a large revenue backlog, trading at a discount. Separately, Baird initiated CoreWeave at Outperform with a $100 target, and the company announced that AI-avatar platform Anam selected its cloud for inference workloads on NVIDIA Blackwell GPUs. The move contrasts with broader cloud sector weakness, though DigitalOcean and Nebius also rose on similar analyst upgrades.

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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