CoreWeave Rises, Nvidia Mixed, and MP Materials Gains as Freedom Capital Upgrades on Valuation
Notes de l’épisode
On this episode of Stock Movers:
- CoreWeave (CRWV) shares rise. CoreWeave Inc. indicated that sales growth remains strong despite challenges facing the data center industry, and projected revenue of $13 billion to $13.3 billion this year. The company's third-quarter sales rose to $3.66 billion, topping the $3.56 billion estimated by analysts, and its backlog was $132.5 billion at the end of the quarter.
- Nvidia (NVDA) shares are mixed. Wall Street sentiment toward Nvidia Corp. is starting to crack due to an investigation into Chief Executive Officer Jensen Huang’s affair with an alleged Chinese spy. Baird downgraded the stock to neutral and Morgan Stanley removed Nvidia as a Top Pick, with Baird analyst Tristan Gerra taking a more cautious stance until uncertainties are lifted.
- MP Materials (MP) shares gain. Freedom Capital Markets raised its recommendation on the rare earth company to buy from hold on valuation. Analyst Vitaly Kononov sees upside to valuation after earnings and as initial deliveries of commercial dysprosium and terbium begin in 4Q.
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