These 10 Firms Soared Last Week, Here’s Why

3. CoreWeave, Inc. (NASDAQ:CRWV)

CoreWeave saw its share prices soar by 24.14 percent week-on-week to close Friday’s trading at $51.57 versus the $41.54 finish on April 25 as news from its largest client that it would raise its capital expenditures this year sparked buying interest in the company.

Earlier this week, Microsoft Corporation (NASDAQ:MSFT) reported better-than-expected cloud sales and announced plans to spend $80 billion for fiscal year 2025 as it aggressively expands on artificial intelligence.

The news sparked investor hopes that any increase could impact its contracts with CoreWeave, Inc. (NASDAQ:CRWV).

Apart from MSFT, another large client, Meta Platforms Inc. (NASDAQ:META), also announced a higher budget allocation for this year, between $64 billion and $72 billion.