Análisis de la acción CoreWeave Inc (CRWV)CRWVCoreWeave Inc

Tech stocks are facing another confidence crisis. Can earnings season stabilize market sentiment? Last week, a tech selloff and rising oil prices drove capital back into bonds as a safe haven. The Nasdaq fell 4.5% for the week, while US Treasury yields declined, ending the dollar index's four-week winning streak. Gold continued to trade in a range. This week, market attention will shift to tech company earnings and economic data around the world. With the Fed entering its quiet period and US data relatively limited, can results from companies such as META and Tesla reignite market enthusiasm for the AI trade? Focus 1: Can big tech earnings boost market confidence in the AI trade? Shares of data center operator Coreweave plunged 25% in just one week, while its bond yields broke above 15%, once again raising market concerns about debt financing and leverage risk. In response, the Nasdaq fell 4.5% for the week, the Philadelphia Semiconductor Index closed lower for eight consecutive sessions, and the VIX fear index rose on Friday to its highest level since late July. Capital has rotated from tech stocks into other sectors, with the Dow Jones Industrial Average and major European stock markets closing higher last week. Is the AI trade just cooling temporarily, or has it reached a turning point? Earnings from tech giants in the coming weeks will be an important gauge. META's results on Wednesday this week are especially indicative. As one of the hyperscale cloud service providers, the company needs to prove to the market that its continuously expanding capital expenditure can translate into a clearer profit outlook and cash flow returns before investors respond positively to its stock, thereby boosting market confidence in the AI trade. META is up 9% year to date, but most of that gain came after it launched the AI agent Muse on September 8. In addition, Elon Musk's SpaceX and Tesla will report earnings on Tuesday and Wednesday, respectively. Focus 2: Can the safe-haven appeal of US Treasuries last? Last Friday, Brent crude touched $110 intraday, but the dollar index still posted its first weekly decline in five weeks, suggesting that at present there is no obvious correlation between Middle East tensions/oil prices and the dollar. Beyond the technical pullback, what really weighed on the dollar's rally was the sharp drop in US Treasury yields last week (the tech selloff drove safe-haven flows back into US Treasuries), as well as cooling market expectations for a Fed rate hike in October. The rates market now sees only about a 22% probability of a Fed hike next week, far below 70% a month ago. US economic data this week is relatively limited, and with the Fed in its quiet period, watch whether the transmission chain of "tech selloff—falling US Treasury yields—pressure on the dollar" remains effective. From a technical perspective, there is some support near 101.60. Focus 3: Global economic data Key economic data this week include China's third-quarter GDP, UK and New Zealand CPI, and October PMIs for major economies. UK September CPI (Wednesday, 14:00) is expected to rise from 3.1% to 3.4%. The market currently sees nearly a 90% probability of a Bank of England rate hike in November. If the data comes in above expectations, it could boost the pound in the short term. New Zealand third-quarter CPI (Thursday, 5:45) was previously 4.1%. The market also sees nearly a 90% probability of a Reserve Bank of New Zealand rate hike in October; in the short term, watch whether the New Zealand dollar rebounds from its yearly low. Gold's daily chart is bearish, but downside momentum is limited. The four-hour chart remains in range-bound trading with no clear trend. Resistance in the 4215–4225 area has not yet been fully broken. Before a valid breakout above that area, gold may continue to consolidate within the range, while support at 4100 and 4070 limits downside space. #WCTCS9

$CRWV D.A. Davidson's Gil Luria: "Coreweave is the sub-prime tranche of this AI trade. If there is any pause [in AI capex spend], they will quickly be unable to pay their interest payments. They are highly operationally leveraged because they are the spillover for AI compute. On top of that, they have huge financial leverage. They are almost entirely debt funded. This is a company that still raises money at 9.0% and when they invest it, they get 1.0-3.0% return by the end of the year. It's a negative carry trade." $NBIS $CBRS $IREN $NVDA

$CBRS $CRWV zero bids on a tech bounce day. Not great.

$CRWV (+7.1% pre) Why CoreWeave's troubles are rattling the AI boom

$CRWV upgraded to Buy from Neutral with a $106 price target at $GS.