Overview
- Shares surged on Dec. 22, closing near the day’s high at $84.29 on roughly 176% of average volume following the DOE announcement and a Citi Buy resumption.
- Short interest estimated at roughly 11%–14% of the float and elevated options activity contributed to squeeze-like trading.
- CoreWeave says the DOE partnership will deploy its AI cloud to accelerate U.S. scientific discovery and energy innovation, highlighting its FedRAMP-focused CoreWeave Federal unit.
- Commercial momentum includes a new agreement to power Runway’s next-generation AI video models using Nvidia GB300 NVL72 systems for large-scale training and inference.
- Execution watch items persist, including an upsized $2.25 billion convertible notes sale earlier this month and third-party data-center buildout delays flagged by JPMorgan and noted by Jim Cramer.