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CoreWeave Surges Past $100 as AI Infrastructure Stocks Soar

The AI cloud provider's shares have climbed over 190% from last month's low, outpacing analyst price targets, while Google and defense stocks also see gains.

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Overview

  • CoreWeave's stock surpassed $100 for the first time, rising over 10% in a single session and marking a 190% increase from its one-month low.
  • All eight analysts with 'buy' ratings on CoreWeave have price targets below its current trading level, highlighting valuation uncertainty.
  • Google's stock climbed more than 5% following its I/O conference, with analysts praising its AI advancements and Gemini's leadership in foundational models.
  • L3Harris Technologies gained traction after being named a key contractor for the $175 billion 'Golden Dome' missile defense system announced by President Trump.
  • UnitedHealth's rating was downgraded by HSBC to 'reduce' amid concerns over a DOJ investigation into Medicare fraud and the recent departure of its CEO.