What Propelled These 10 Firms’ Double-Digit Gains?

4. CoreWeave, Inc. (NASDAQ:CRWV)

CoreWeave rallied for a second day on Friday, jumping 16.36 percent to end at $51.57 apiece, as investors continued to gobble up shares following its largest revenue-generating client’s announcement that it would raise its spending plans.

Earlier this week, Microsoft Corporation (NASDAQ:MSFT), reported better-than-expected cloud sales and reiterated spending plans, sparking investor hopes that any increase could impact its contracts with CoreWeave, Inc. (NASDAQ:CRWV).

Microsoft Corporation (NASDAQ:MSFT) is CoreWeave, Inc.’s (NASDAQ:CRWV) largest revenue-generating client, which, last year, accounted for 62 percent of its total revenues.

Additionally, CRWV’s other client, Meta Platforms Inc. (NASDAQ:META), also raised its 2025 capital spending forecast to between $64 billion and $72 billion.