Why CoreWeave Stock Rose 11% in April
Shares of CoreWeave (NASDAQ: CRWV) had a volatile April along with much of the stock market, but the recent IPO ended up with positive gains after a lackluster debut at the end of March.There wasn't much news out on CoreWeave in April, as investors await its first earnings report as a public company on May 14, but the stock proved to be highly sensitive to news from the artificial intelligence (AI) sector, swinging multiple times on news from peer stocks, and due to macro news.Despite a broader pullback in the stock market last month, CoreWeave finished April up 11%, according to data from S&P Global Market Intelligence.Continue reading
Shares of CoreWeave (NASDAQ: CRWV) had a volatile April along with much of the stock market, but the recent IPO ended up with positive gains after a lackluster debut at the end of March.
There wasn't much news out on CoreWeave in April, as investors await its first earnings report as a public company on May 14, but the stock proved to be highly sensitive to news from the artificial intelligence (AI) sector, swinging multiple times on news from peer stocks, and due to macro news.
Despite a broader pullback in the stock market last month, CoreWeave finished April up 11%, according to data from S&P Global Market Intelligence.
