AI stocks bounce back after bruising selloff, CoreWeave gets Goldman upgrade
AI-linked stocks bounced back on Monday from a bruising selloff last week as yields on government bonds dropped and crude oil prices eased, while CoreWeave gained following a rating upgrade. Its shares were up 2.4 percent in choppy trading after losing a quarter of their value last week as the neocloud company's $50 billion debt triggered a crisis of confidence, sparking a global selloff across AI and tech stocks. "It's going to continue to be a factor, it's going to be a constant push-pull over time," said Thomas Hayes, chairman at Great Hill Capital. Goldman Sachs upgraded CoreWeave to "buy" from "neutral", saying tight computing capacity and the company's performance advantage over rival neocloud firms should lift annual recurring revenue per megawatt over the next two years. The brokerage said the recent pullback is a buying opportunity. The yield on CoreWeave's bond maturing in 2031 fell 19.5 basis points to 15.13 percent, easing from more than 16 percent last week, according to Tradeweb data. Neocloud rival Nebius Group rose 3.4 percent after tumbling more than 31 percent in the pas
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