We recently published a list of 10 Surprising Stocks That Skyrocketed Today. In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other Friday’s top performers.
The stock market finished the trading week in the green territory as investors looked past the series of mixed corporate earnings performance and inflation worries, amid the easing trade tensions between the US and China.
The Dow Jones climbed by 0.78 percent, while the S&P 500 and the tech-heavy Nasdaq grew by 0.70 percent and 0.52 percent, respectively.
Beyond major indices, 10 companies—predominantly Bitcoin miners and quantum computing firms—registered a strong finish, thanks to fresh corporate developments boosting investor appetite.
In this article, we name Friday’s 10 top performers 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 in trading volume.
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CoreWeave Inc. jumped by 22.09 percent on Friday to end at $80.30 apiece as investors snapped up shares in the company after bagging a new $4-billion deal with OpenAI.
In a regulatory filing on Thursday, CoreWeave, Inc. (NASDAQ:CRWV) said it entered into a four-year agreement with OpenAI for some $4 billion worth of additional services.
The news followed the company’s release of a strong revenue performance in the first quarter of the year.
In a statement, CoreWeave, Inc. (NASDAQ:CRWV) said revenues expanded by 420 percent to $981.6 million from $188.7 million in the same period last year.
Net loss attributable to shareholders, however, widened by 188 percent to $370 million from $129 million year-on-year.
During the period, the company’s key wins include an $11.2-billion strategic deal with OpenAI and a partnership with IBM to deliver compute capacity for the latter’s Granite models.
Overall, CRWV ranks 2nd on our list of Friday’s top performers. 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.
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Disclosure: None. This article is originally published at Insider Monkey.
