Why CoreWeave, Inc. (CRWV) Surged Today

We recently published a list of 10 Stocks That Stole the Show Today. In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other stocks that stole the show today.

Ten mid-cap companies from diverse sectors stood out on Monday, outperforming the lackluster performance of major indices, thanks to a flurry of corporate developments that sparked investor appetite.

While the firms boasted between 5 and 14 percent gains, the Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively.

In this article, we list the names of the top-performing stocks and detail 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 in trading volume.

CoreWeave, Inc. (NASDAQ:CRWV)

CoreWeave rallied for a second day on Monday, adding 7.83 percent to close at $86.59 apiece following plans to raise another $1.5 billion in fresh funds through the offer of senior notes due 2030.

In a statement on Monday, CoreWeave, Inc. (NASDAQ:CRWV) said that the offer will be guaranteed on a senior unsecured basis by its wholly-owned subsidiary, CoreWeave Cash Management LLC.

It said proceeds will be used to fund general corporate purposes, including repayment of outstanding debt, and to pay fees, costs, and expenses in connection with the offering of the notes.

Following the announcement, CoreWeave, Inc. (NASDAQ:CRWV) received a “B+” issuer credit rating from Moody’s Ratings.

In recent news, CoreWeave, Inc. (NASDAQ:CRWV) said in a regulatory filing that it clinched an additional $4 billion deal with OpenAI through 2029.

The deal was on top of the $11.9-billion deal already in place, under which CoreWeave, Inc. (NASDAQ:CRWV) provides OpenAI cloud computing capacity.

Overall, CRWV ranks 5th on our list of stocks that stole the show today. 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 has gone up since the beginning of 2025, while popular AI stocks have 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.