Shares in CoreWeave finished last week about a quarter lower as the company found itself at the epicenter of fears around the massive amount of borrowing bankrolling the AI buildout-sparking a tech selloff.
But the stock seems to be turning over a new leaf today. CoreWeave shares have jumped about 7% premarket.
Also climbing:
-- Nebius and Applied Digital, which are also seen as plays on the demand for data centers to power AI, are up 7.5% and 8.5%, respectively.
-- Chip stocks: Nvidia, Intel and Micron are up more than 3% apiece.