CoreWeave is a buy after Microsoft's strong earnings report, Citi says

20 hours ago

Investors should buy the recent dip in CoreWeave as strong AI demand will power shares higher, according to Citi. Analyst Tyler Radke upgraded the artificial intelligence cloud computing stock to buy from neutral. His price target of $160 implies upside of 55% from Wednesday's close. Despite more than doubling since its IPO in late March, CoreWeave has tumbled nearly 37% over the past month, with investors skeptical about the company's $9 billion acquisition of Core Scientific. That said, Radke noted that Microsoft's strong quarterly figures signal AI demand remains strong — which will boost CoreWeave long term. CRWV 1M mountain CRWV in past month "We come away with a much stronger fundamental view on the demand picture highlighted by MSFT (72% of 1Q25 revenue) beating/raising on Azure and raising capex with upside to finance leases," Radke wrote. "We feel incrementally more confident about the durability of AI demand and CRWV's position in the market, though still hold some concerns around customer concentration and Coreweave's ability to move up the stack," he added. CoreWeave shares popped more than 13% in the premarket, while Microsoft traded 8% higher. Radke's upgrade puts him in the minority on Wall Street. LSEG data shows that 17 of 24 analysts covering the stock rate it a hold, while three others have an underperform rating on it. Just four analysts rate CoreWeave as a buy or strong buy.

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CNBC

23 minutes ago

CNBC

CNBC Daily Open: New Trump tariffs (August remix) have dropped

The first time U.S. President Donald Trump unveiled his "reciprocal" tariffs on the rest of the world, the April 2 event had a cinematic, even grand, quality. It took place at the White House Rose Garden. There was a live band playing, according to The Wall Street Journal. Trump hoisted huge physical charts of his tariff rates, which were helpfully color-coded for visual clarity. This time, Trump's updated "reciprocal" tariffs, released the night before they come into effect on Aug. 1, seemed in comparison stripped of pomp and glamor. The White House's executive order popped up around 7 p.m. ET, just as people in the U.S. were getting off work. There was no live event, no big chart and certainly no entertainment — just a stern website with a black-and-white table. That austerity — and, one might even say, stealth — surrounding the recent announcement suggests two things. First, the White House could be aware that the dramatic shock of tariffs has less power to sway trade deals when staged a second time. The "90 deals in 90 days" that trade advisor Peter Navarro had promised in April are, after all, nowhere in sight. Trump, however, still left ajar the door to making "some kind of a deal." Second, the U.S. might actually be pleased with the effects of its higher-than-expected tariffs on countries without deals, and is willing to keep levies at those levels. In June, the U.S. Treasury Department reported an unexpected surplus thanks to tariff revenue, which were more than four times higher from a year ago. And economists aren't as alarmed by tariff-driven inflation as they once were. All that's speculation, of course. The order could have been released in this low-key fashion simply because the Rose Garden is now more like a Concrete Path. Or perhaps Trump doesn't want the penguins on the Heard and McDonald islands to hear about his levies this time. The U.S. rejigs tariff rates ahead of Aug. 1 deadline. Trump's executive order also imposed a 40% duty on all goods considered to have been transshipped to America. Here's how Asian leaders are reacting to the announcement, made Thursday evening stateside. The S&P 500 falls, retreating from an intraday high. Microsoft shares, however, rose around 4% to push the company's market cap above $4 trillion. Asia-Pacific markets — and tech giants, in particular — fell on Friday as investors digest latest tariff developments. Apple beats expectations for profit and revenue. The Cupertino-based company's iPhone sales grew 13% year over year, while overall revenue rose 10% in its fiscal third quarter, the fastest growth since December 2021. Amazon's gloomy guidance overshadows its earnings. Even though the company surpassed Wall Street's estimates for its second-quarter results, its expected operating income for the current quarter wasn't as high as analysts had hoped for. [PRO] Novo Nordisk's stock plunge isn't that surprising. On Tuesday, the firm's shares fell as much as 26% after it slashed its full-year guidance — and appointed a new CEO. Here's why companies tend to make both announcements simultaneously. Tariff turmoil: How global CEOs are shifting gears In interviews with CNBC this earnings season, CEOs across industries sent a clear message: tariffs are no longer just a political tactic. As trade rules grow more uncertain and tariffs resurface in policy discussions, business leaders say they're rethinking everything from where factories are located to how products are priced. The old "just in time" model is giving way to something more cautious: make goods closer to the buyer, ask for exemptions where possible, and stay alert to shifting consumer habits. —

Strong earnings from Meta, Microsoft but misses 1 critical metric

Yahoo

27 minutes ago

Yahoo

Strong earnings from Meta, Microsoft but misses 1 critical metric

Strong earnings from Meta, Microsoft but misses 1 critical metric originally appeared on TheStreet. Meta reported earnings of $7.14 per share in the second quarter, surpassing estimates of $5.89, and $47.52 billion in sales, exceeding forecasts of $44.83 billion. The company also gave a positive outlook for Q3, saying that sales would be between $47.5 billion and $50.5 billion, which is much higher than the $46.2 billion average. For the full year, Meta now anticipates total expenses of $114 billion to $118 billion, a slight narrowing of its previous estimate. This demonstrates an estimated increase cost between 20% and 24% per annum, as per the report. Microsoft's earnings per share for the second quarter were $3.65, and its revenue was $76.44 billion, which was more than the expected $73.89 billion. Its Intelligent Cloud division made $29.88 billion, which was also more than expected. Microsoft's fiscal year ends in June, so its April–June results are reported as fourth quarter of its fiscal year, not the calendar year. Although more people are interested in digital assets, neither company discussed stablecoin projects or broader crypto strategies in their and Microsoft have diverged notably in the way they are treading the waters of crypto and stablecoins. As reported earlier, Meta is said to be exploring the use of stablecoins such as USDC and USDT to pay creators on Facebook and WhatsApp — a possible reentry into the stablecoin territory for Meta after abandoning its Diem project. Meta would be able to create a stablecoin under the new GENIUS Act legally, provided that it complies with regulatory standards. As per recent reports, Microsoft has teamed with blockchain startup Space and Time to give verified real-time blockchain data feeds, indicating continuous interest in crypto infrastructure and analytics while refraining from creating a stablecoin as of yet. Strong earnings from Meta, Microsoft but misses 1 critical metric first appeared on TheStreet on Jul 30, 2025 This story was originally reported by TheStreet on Jul 30, 2025, where it first appeared. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Alger CEO on Microsoft, Meta, Apple, Amazon

Yahoo

29 minutes ago

Yahoo

Alger CEO on Microsoft, Meta, Apple, Amazon

Alger CEO Dan Chung says AI is in its early stages after Microsoft and Meta soared following their earnings. He also discussed Apple and says we would need to see an "exciting product cycle" to boost holdings. He speaks with Katie Greifeld and Romaine Bostick on "The Close."