Latest news with #CarlHolshouser
Yahoo
4 days ago
- Business
- Yahoo
Why CoreWeave, Inc. (CRWV) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other best-performing stocks. CoreWeave Inc. surged by 20.66 percent on Tuesday to end at $123.97 apiece as investors cheered the appointment of a new executive to handle government affairs. According to the company, it appointed Carl Holshouser as Vice President for Government Affairs, who has two decades of track record in government and public affairs. In his new role, he is expected to spearhead CoreWeave, Inc.'s (NASDAQ:CRWV) efforts in shaping public policies at the federal and state levels. Holshouser also boasts achievements in advocacy on artificial intelligence, privacy, trade, cybersecurity, and semiconductors, among others. Additionally, CoreWeave, Inc. (NASDAQ:CRWV) appeared to have benefited from news that a clutch of Nvidia suppliers have faced technical challenges that delayed shipments of its AI data center racks, which in turn, negatively affected production of its Blackwell AI servers. In contrast, CoreWeave, Inc. (NASDAQ:CRWV) hosts such servers in its platform. Overall, CRWV ranks 2nd on our list of best-performing stocks. While we acknowledge the potential of CRWV, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWV and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Why AI Stock CoreWeave Surged 21% Higher Today
Several news items drove the stock to a double-digit win on the first trading day of the shortened week. With those, investors shrugged off a recommendation downgrade from an analyst. 10 stocks we like better than CoreWeave › Two pieces of encouraging news obscured a negative development with CoreWeave (NASDAQ: CRWV) stock on Tuesday. Ultimately, investors decided to latch on to the affirmative, as they drove the stock nearly 21% higher in price. That absolutely crushed the S&P 500 index's (SNPINDEX: ^GSPC) otherwise impressive 2%-plus rise. CoreWeave is a cloud infrastructure company that focuses on the market for high-end artificial intelligence (AI) capabilities. As such, it is a business partner of next-generation chipmaker Nvidia, which also owns a substantial stake in the company. On Tuesday, the Financial Times reported that a clutch of Nvidia suppliers had surmounted technical challenges that had delayed shipments of Nvidia's AI data center racks. This had negatively affected the company's production of its Blackwell AI servers; CoreWeave hosts such servers via its cloud platform. Another positive development for CoreWeave was its Tuesday announcement of a new hire. The company tapped Carl Holshouser as its vice president of government affairs. Prior to his hiring, Holshouser served in a variety of managerial positions concerning public policy, most recently as head of federal policy and government relations at tech executive association TechNet. Investors rightfully cheered the addition of a manager steeped in experience with government entities. With these developments, the market shrugged off a recommendation downgrade from an analyst. Barclays' Raimo Lenschow changed his view on CoreWeave stock to equal weight (hold, in other words) from his previous overweight (buy). He knocked his price target down to $70 per share -- from the previous $100 -- in the process. According to reports, while Lenschow expects robust growth from the company, he feels it is too richly valued at the moment. Lenschow certainly has a point, but CoreWeave's business is red-hot these days, and likely to get hotter. Yes, it's expensive, but as we all know, quality stocks can be pricey. I wouldn't be afraid of this one's level just yet. Before you buy stock in CoreWeave, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CoreWeave wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy. Why AI Stock CoreWeave Surged 21% Higher Today was originally published by The Motley Fool
