Key Takeaways
- Shares in AI darling CoreWeave surged 25% to a fresh record high on Tuesday, one day after the cloud computing provider and Nvidia partner signed a long-term data center leasing deal with Applied Digital.
- The stock broke out from an ascending triangle on Tuesday that had been in play since late May, possibly paving the way for a continuation move higher.
- Bars pattern analysis projects a potential upside target of around $200 and indicates the trend higher could last until next month.
- Investors should watch key support levels on CoreWeave’s chart around $122, $97 and $73.
Shares in AI darling CoreWeave (CRWV) soared Tuesday, one day after the cloud computing provider and Nvidia (NVDA) partner signed a long-term data center…
