CoreWeave is trading 4.7% up at $76.49 after BofA Securities reiterated a Buy rating and raised its 2026 capex estimates to reflect stronger AI infrastructure demand.
- BofA analysts increased their 2026 capital expenditure forecast for the company to $34 billion from $29 billion, signaling confidence in long-term growth scaling.
- The rally is supported by a 2.06% rise in the broader Technology sector as semiconductor stocks rebound and investor interest in AI-related names intensifies.