From Yahoo Finance: 2025-06-17 16:18:00

CoreWeave stock surged over 8% after Bank of America analyst Brad Sills downgraded but set a new price target, leading to a 340% post-IPO rally. Despite the downgrade, Sills raised the price target to $185, the highest among Wall Street analysts. CoreWeave has $23 billion capex plans for 2025. Jefferies analyst Brent Thill reiterated a $180 price target, listing CoreWeave among top AI stocks. DA Davidson analyst Gil Luria remains skeptical, citing concerns about CoreWeave’s deal with OpenAI. OpenAI may need more capital raising to fulfill commitments to CoreWeave. 1. The stock market saw a 2% increase today, with the S&P 500 reaching a new all-time high of 4,500 points. Tech stocks led the way, with Apple and Amazon both posting gains of over 3%.

2. In sports news, the Los Angeles Lakers announced the signing of All-Star point guard Russell Westbrook to a one-year deal. The team hopes Westbrook’s playmaking abilities will help lead them to an NBA championship next season.

3. A new study released by the CDC shows that the Delta variant is now responsible for over 80% of COVID-19 cases in the United States. Health officials are urging unvaccinated individuals to get vaccinated as soon as possible to help slow the spread of the virus.

4. The United Nations reported that global temperatures in July were the highest on record, surpassing the previous record set in 2016. This alarming trend is further evidence of the urgent need for countries to take action to combat climate change.

5. In entertainment news, actor Scarlett Johansson filed a lawsuit against Disney for breach of contract over the release of “Black Widow” on Disney+. Johansson claims that the simultaneous release on streaming hurt the film’s box office performance and her potential earnings.



Read more at Yahoo Finance: CoreWeave stock surge brings post-IPO rally to 340% after unusually positive analyst downgrade