CoreWeave first signed a $21 billion cloud computing power agreement with Meta last week, extending to 2032, then reached a multi-year cooperation with Anthropic to provide computing power for Claude, coupled with the expansion of the OpenAI contract from $16 billion to $22.4 billion, resulting in the concentrated landing of three major deals. Consequently, it rose 24% last week alone, and gained another 8% today, with trading volume consistently exceeding 1.7 times the average daily volume. Four analysts simultaneously raised their target prices to the $120-$175 range.$Tradr 2X Long CRWV Daily ETF(CWVX.US), as a 2x leveraged ETF long on CoreWeave, experiences amplified volatility in sync.

However, it should be noted that the company simultaneously announced $3-3.5 billion in convertible bond financing, with a net profit margin still at -23%; if macro risk appetite contracts, the valuation discount for highly leveraged AI infrastructure could occur quickly.