CoreWeave Rises Another 6%: Is Doubling Thesis Intact?
CoreWeave surged 6.28% to $117.20, as the ongoing $21 billion Meta AI cloud infrastructure contract narrative and broad market strength continue to fuel momentum, with the stock now up over 60% from its post-IPO low. JPMorgan maintains a bullish stance, with $100 firming as strong support and $120 as the next resistance zone. Power supply constraints and macro volatility remain key risk variables — has the market fully priced in the AI cloud infrastructure investment thesis?