Market News AIOpen the app

Dan Ives highlights CoreWeave and Cisco's earnings as crucial elements for the AI market, urging investors to "prepare for excitement.

ResultsRead the original at benzinga.com
Neutral

CoreWeave reported a 112.5% year-over-year revenue increase and a substantial backlog, indicating strong demand in the AI sector.

CRWV · CoreWeave Inc

AI read · Neutral

The AI's read

CoreWeave beat estimates and reported a massive backlog, which points to real demand for its AI cloud capacity. Dan Ives called CRWV and Cisco "pieces of the puzzle" for continued AI momentum. The stock already jumped about 20.3% today, so much of the immediate upside looks priced in. RSI sits low around 29, which suggests short-term technical noise after the pop. We lean neutral because the beat is credible but the market moved hard and fast. Wait for Cisco and Nvidia results for confirmation before shifting bias.

CSCO · Cisco Systems Inc

AI read · Good for CSCO

The connection

Cisco is expected to report a new quarterly record revenue, contributing to the positive sentiment around AI-related earnings.

Get alerts for CRWV

Follow CoreWeave Inc (CRWV) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for CRWV
Free on the App Store and Google Play, or on the web.