CoreWeave Is Skyrocketing Today -- Is the Stock a Buy Right Now?
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CoreWeave (CRWV) stock surged 15.2% on Wednesday, driven by Oracle's strong cloud infrastructure growth forecast. Despite missing Wall Street expectations in its latest quarter, Oracle anticipates a 77% increase in cloud sales, reaching $18 billion this fiscal year. CoreWeave's stock, trading at 10.8 times expected sales, reflects strong growth potential but is still down 37% from its peak. The recent Oracle news may present a buying opportunity for risk-tolerant investors.
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