Stock Track | CoreWeave Soars 5.94% in Pre-Market on DOE Genesis Mission Partnership and AI Sector Rally

Stock Track12-19 17:04

CoreWeave, Inc. (CRWV) surged 5.94% in pre-market trading Friday, driven by its participation in the U.S. Department of Energy’s Genesis Mission to advance AI-driven research and innovation. The partnership underscores the neocloud company’s role in high-performance computing infrastructure, boosting investor confidence.

Analysts noted the rally was further supported by a broader AI sector rebound, fueled by Micron Technology’s upbeat earnings, and easing concerns over CoreWeave’s debt profile. Seaport Research highlighted improved credit terms and fixed rental contracts as stabilizing factors, suggesting recent selloffs may have been overdone.

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