Why CoreWeave, Inc. (CRWV) Soared Last Week

We recently published a list of These 10 Firms Soared Last Week, Here’s Why. In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other firms that soared last week.

The past trading week saw a more calm, generally optimistic, market environment amid the temporary pause in tit-for-tat tariffs, buoyed further by a flurry of corporate earnings for the first quarter of the year.

On a week-on-week basis, the tech-heavy Nasdaq rallied the most, up 3.4 percent, followed by the Dow Jones with 3 percent, and the S&P 500 by 2.9 percent.

Beyond the major indices, 10 firms stood out, booking double-digit gains as high as 48 percent, thanks to better-than-expected earnings and outlook.

In this article, we name this week’s 10 best-performing mid-cap companies and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. The stocks were chosen based on the highest percentage increase in closing prices on May 2 as against their prices a week earlier, or on April 25.

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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.

Overall, CRWV ranks 3rd on our list of firms that soared last week. While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CRWV but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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