From The Economic Times · · 1m
AI Stocks Rebound After Goldman Sachs Upgrade
CoreWeave jumps 3.4% on Goldman Sachs 'buy' upgrade after steep selloff.
In brief
CoreWeave jumps 3.4% on Goldman Sachs 'buy' upgrade after steep selloff. CoreWeave rose 3.4% after Goldman Sachs upgraded it to 'buy' from 'neutral' following a week of losses. Originally reported by The Economic Times.
AI Stocks Rebound
AI linked stocks rebounded after a sharp selloff last week.
CoreWeave Jumps
CoreWeave rose 3.4% after losing more than a quarter of its value last week.
Goldman Sachs Upgrade
Goldman Sachs upgraded CoreWeave to 'buy' from 'neutral' due to computing capacity tightness.
Semiconductor Recovery
The Philadelphia Semiconductor Index rebounded 2.8% after an 11% weekly drop.
Investor Sentiment Shift
Investors reassess AI investment cycle amid concerns over higher interest rates.
Earnings Test
Meta Platforms, Tesla and SpaceX report results to test AI trade stability.
Market Reaction
Chip stocks rebounded as J.P. Morgan upgraded Intel to 'neutral' from 'underweight'.
The bottom line
CoreWeave rose 3.4% after Goldman Sachs upgraded it to 'buy' from 'neutral' following a week of losses.
