CRWV is trading at $96.18 (+7.11%), extending gains following a 13% surge on January 12 related to CEO rebuttals addressing GPU useful life concerns.
- The stock is supported by a massive $55B revenue backlog and ongoing AI cloud expansion initiatives.
- The move is supported by a broader tech recovery in the pre-market, fueled by strong TSMC earnings and softer China chip ban fears.
- Positive analyst views persist despite noted supply risks and the filing of a securities lawsuit today.