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CoreWeave Jumps 11%, Snowflake Gains 6%, Oracle Climbs 5% as Risk-On Mood Lifts AI Cloud
svmuu.com03/08/2026 11:03
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AI cloud infrastructure stocks, including CoreWeave (CRWV), Snowflake (SNOW), and Oracle (ORCL), saw significant gains on Monday morning. CoreWeave led the group, rising 11% to $79.60, while Snowflake climbed 6% to $311 and Oracle gained 5% to $136. This rally was triggered by a broad risk-on sentiment after President Trump called off planned strikes on Iran, lifting beaten-down AI cloud names. Separately, BTIG raised its price target for Snowflake to $340 from $325, maintaining a Buy rating ahead of the company's Q2 FY2027 earnings.
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