CoreWeave, Inc. - Class A Common Stock (CRWV)

Brad Gerstner's Altimeter Capital holds 2,999,536 shares of this year's hottest AI IPO stock.

CoreWeave shares have surged in recent weeks due to a major infrastructure deal and strong AI demand. However, the stock fell sharply Thursday as investors potentially decided to take profits.

Applied Digital Corp (NASDAQ:APLD) shares are hitting new 52-week highs in early trading Thursday. Here's a look at what's driving the action.

Shares of CoreWeave, an operator of artificial intelligence data centers, were listed on the Nasdaq in late March and have since gained over 300%.

Tech stocks surged in May, with CoreWeave (+191.80%), Credo Technology (+49.03%), and Cloudflare (+38.91%) leading the way, backed by strong momentum and bullish investors.

CoreWeave Inc (NASDAQ:CRWV) and Applied Digital Corp (NASDAQ:APLD) and trending on Wednesday and seeing increased investor attention on social platforms. Here's a look at what's going on.

Shares of CoreWeave surged 6.99% in premarket following its major long-term infrastructure agreement with Applied Digital Corp.

Notwithstanding the run, the Koyfin-compiled average analysts’ price target ($69.97) implies over 53% downside for the stock from current levels.

Jim Cramer warned that President Donald Trump's unpredictable trade policies are distorting stock valuations.

The widely watched investor also bought AMD and Guardant Health stocks, while cutting its stakes in CoreWeave and Palantir.

U.S. stock markets ended the day in the green, with the Nasdaq climbing more than 150 points, up 0.8% to 19,398.86. The S&P 500 advanced 0.58% to finish at 5,970.37, while the Dow Jones Industrial Average added 0.5%, closing at 42,519.64.

CoreWeave Inc. (NASDAQ: CRWV) shares are trading higher Tuesday, extending gains after the company entered into a major long-term infrastructure agreement with Applied Digital Corp (NASDAQ:APLD).

Analysts praised the $7 billion lease deal, prompting bullish price target hikes and signaling strong AI-driven growth potential.

Applied Digital announced a multibillion-dollar contract with CoreWeave.

CoreWeave stock popped to a new all-time high on Tuesday. Nvidia-backed CoreWeave on Monday signed a long-term data center leasing deal with Applied Digital.

Applied Digital's stock surged following a landmark multi-billion-dollar AI datacenter agreement with CoreWeave, signaling a major strategic win.