Why CoreWeave Stock Is Jumping

CoreWeave (NASDAQ: CRWV) stock was up 23.5% as of 3:15 p.m. ET Thursday. The S&P 500 and the Nasdaq Composite were up 1.8% and 3%, respectively.CoreWeave, the fast-growing neocloud, is seeing shares rise alongside the entire market. After a brutal sell-off at the end of trading yesterday, the tech market is recovering behind a strong earnings report from the tech behemoth Microsoft. Its report, alongside Meta's, showed demand for AI compute is still while-hot. Microsoft said its cloud platform Azure grew by a whopping 43% year over year behind continued AI demand. The company is scaling rapidly and relying heavily on leasing, signing more than $130 billion in new data center leases during the quarter. That's a jump of over two-thirds from the previous quarter. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool