Market Domination host Josh Lipton and Yahoo Finance senior reporter Brooke DiPalma track one of the day’s top trending stock tickers: CoreWeave’s (CRWV) plans to expand its services and offer it to US government agencies.
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00:00 Speaker A
Core Weave, another name we’re watching, a company announcing plans to make a move into the US federal market, Brooks. So this one it sounds like basically expanding the commercial business into the US federal market, that vertical. Sounds like it’s about delivering AI cloud services to the US government agencies and their partners. Of course, a name that has made a big move.
00:27 Brooks
Yeah, big move. This stock is up more than 250% since it went public. And in this uh release that we got from Core Weave this afternoon, the CEO said that America’s economic competitiveness and national security rely on the continued advancement of secure high-performance AI infrastructure. And so we’re not seeing too much momentum off of this. In fact, as we make our way down to the close, the stock is down about 8/10ths of a percent. But when you think about the run-up and the momentum that this stock has had, now with this latest uh partnership with the US federal market, this is certainly continues on the momentum that’s already seen so far and perhaps is baked into the price here.
