CoreWeave Soars, Cava Rises, Super Micro Computer Jumps on Sales Outlook That Tops Rosiest...
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Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - CoreWeave (CRWV) surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”. - Cava Group (CAVA) shares rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips. Sales slowed at the end of the second quarter due to reports of a parasitic outbreak, but trends have since improved each week with comparable sales back to mid-single-digit growth. - Super Micro Computer (SMCI) shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market contin
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