On August 7, CoreWeave, Inc. rose 6.05% in regular trading, trading at $88.2/share with turnover of $248 million, rebounding sharply after earlier session weakness driven by GPU supply concerns.

On the news front, Deutsche Bank adjusted its price target on CoreWeave to $150 from $135 while maintaining a Buy rating, with the consensus analyst mean target standing at $138.40. The upgrade signals continued institutional confidence in the company's AI cloud infrastructure growth trajectory ahead of its August 11 earnings report, where revenue is expected to grow approximately 137% year-over-year.

Earlier in the session, the stock had declined over 5% on concerns that SpaceX's aggressive AI compute expansion could squeeze CoreWeave's GPU allocation from NVIDIA. However, the Deutsche Bank target raise, combined with broader support from recent catalysts including a multi-year SSD supply deal with Solidigm and expansion into Indonesia with 360 megawatts of contracted IT power capacity, helped fuel the intraday recovery. Oppenheimer also recently noted Q2 revenue is expected at the high end of the $2.45-$2.60 billion guidance range.

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