Why CoreWeave, Inc. (CRWV) Went Up On Friday

We recently published a list of What Propelled These 10 Firms’ Double-Digit Gains?. In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other Friday's top performers.

The stock market ended the trading week on a strong note, with all major indices clocking in strong gains, as investors cheered better-than-expected non-farm payrolls last month while digesting more corporate earnings results.

The tech-heavy Nasdaq led the rally among all major indices, finishing up by 1.51 percent. The S&P 500 clocked in a 1.47-percent gain, while the Dow Jones grew by 1.39 percent.

Ten companies also mimicked the broader market optimism following impressive earnings performance and an optimistic outlook for the rest of the year. In this article, we have identified the 10 top performers on Friday and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

CoreWeave, Inc. (NASDAQ:CRWV)

CoreWeave rallied for a second day on Friday, jumping 16.36 percent to end at $51.57 apiece, as investors continued to gobble up shares following its largest revenue-generating client’s announcement that it would raise its spending plans.

Earlier this week, Microsoft Corporation (NASDAQ:MSFT), reported better-than-expected cloud sales and reiterated spending plans, sparking investor hopes that any increase could impact its contracts with CoreWeave, Inc. (NASDAQ:CRWV).

Microsoft Corporation (NASDAQ:MSFT) is CoreWeave, Inc.’s (NASDAQ:CRWV) largest revenue-generating client, which, last year, accounted for 62 percent of its total revenues.

Additionally, CRWV’s other client, Meta Platforms Inc. (NASDAQ:META), also raised its 2025 capital spending forecast to between $64 billion and $72 billion.

Overall, CRWV ranks 4th on our list of Friday's top performers. While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CRWV but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.