CoreWeave (CRWV) Soars 26% as Chip Giant Raises AI Bets

We recently published 10 Stock Winners Shocking Wall Street. CoreWeave Inc. (NASDAQ:CRWV) was one of the top performers last week.

CoreWeave surged by 26.3 percent week-on-week to claw back to the $101 level—a two-month high—as investors loaded positions in stocks riding the artificial intelligence wave, buoyed by a semiconductor giant’s strong earnings performance last year and news that it would increase its capital expenditures (capex) for 2026.

In its earnings call last week, semiconductor giant Taiwan Semiconductor Manufacturing Company (TSMC)—manufacturer of Nvidia Corp.’s chip designs, announced that it would ramp up its capex by 33 to 37 percent to a range of $52 billion to $56 billion from $38 billion to $42 billion last year, as it targets to meet the strong demand for chips from the AI industry.

A new data center facility in Plano, Texas. Photo from CoreWeave

Said initiative spelled good news for data center operators and cloud computing services providers such as CoreWeave Inc. (NASDAQ:CRWV), as more chips available on the market means further room for growth.

Additionally, investor sentiment was fueled by TSMC’s strong earnings performance last year, with net income in the fourth quarter of 2025 alone expanding by 35 percent to NT$505.7 billion from NT$374.68 billion in the same period last year.

Net sales, on the other hand, jumped by 20.5 percent to NT$1.046 trillion from NT$868.46 billion year-on-year.

Meanwhile, CoreWeave Inc. (NASDAQ:CRWV) received price targets of $86 and $68 from Goldman Sachs and DA Davidson, respectively, with both assigning a “neutral” rating for its stock.

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Disclosure: None. This article is originally published at Insider Monkey.