Movement Alert|CoreWeave, Inc. Rises 5.34% in Regular Trading, Multiple Investment Banks Issue Bullish Calls Amid Sustained AI Cloud Sector Momentum

Market Focus07-22

On July 22, CoreWeave, Inc. rose 5.34% in regular trading, trading at $83.9/share, with turnover of $365 million.

On the news front, multiple Wall Street firms issued bullish signals on the stock. Baird initiated coverage with an Outperform rating, with the consensus mean price target standing at $138. Truist Securities upgraded the stock from Hold to Buy with a $126 target, citing accelerating enterprise adoption of open-source models and sovereign AI, combined with a deep prior pullback creating an attractive risk-reward profile.

Additionally, CoreWeave announced a partnership with Anam to run AI inference workloads on NVIDIA RTX Pro 6000 Blackwell GPUs deployed across its US and European infrastructure. The company's CEO stated publicly that CoreWeave is deploying AI infrastructure at scale and is on the right path in building an AI-native cloud platform.

The broader AI compute sector continued its momentum from the prior session, when NVIDIA's stake in Nebius and large orders at peers including IREN and Hut 8 boosted sentiment across independent compute operators.

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