Market strategists analyzing the CoreWeave stock forecast note beta sensitivity to the Nasdaq tech index. With AI sector ETFs up 14% YTD, CoreWeave’s correlation factor of 0.81 signals strong alignment with broader tech momentum, aiding bullish projections. Meta has been a CoreWeave customer since December 2023, so the new agreement is a clear sign the social media giant is more than satisfied with services rendered in the past. "They loved our infrastructure in earlier contracts and came back for more," CoreWeave CEO Michael Intrator told Bloomberg. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy . Such activity often reflects investor anticipation of earnings-driven rallies in volatile growth sectors.
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