### CoreWeave Shares Surge 25% on Long-Term Deal with Applied Digital

Shares in cloud computing provider CoreWeave skyrocketed 25% to a new record high on Tuesday, following the announcement of a major long-term data center leasing deal with Applied Digital. This surge comes on the heels of a recent partnership with Nvidia that has increased investor interest in the AI-focused company.

Technical analysis reveals that CoreWeave's stock has broken out from an ascending triangle formation that had been developing since late May. The breakout, accompanied by higher-than-average trading volume, suggests a strong buying interest from institutional investors and hedge funds. Analysts using bars pattern analysis project an upside target of around $200, with the bullish trend potentially continuing until next month.

Investors are advised to keep an eye on key support levels identified at $122, $97, and $73. These levels are strategically important as they coincide with various trendlines and previous peaks in CoreWeave’s stock chart. The $122 level, in particular, may transform from a resistance point into a strong support zone.

CoreWeave has seen a tremendous rise in its stock value since going public in late March, with shares jumping 276% above the initial public offering price of $40. The company's recent first-quarter financials showed a spectacular revenue growth of over 400% year-over-year, driven by the increasing demand for AI infrastructure—a sector that continues to capture investor imagination.

Tuesday's closing price of $150.48 marks a significant milestone for CoreWeave, reflecting broader market enthusiasm for stocks associated with AI advancements. Despite the relative strength index indicating extreme overbought conditions, which might prompt short-term profit-taking, the long-term prospects for CoreWeave appear promising.

In conclusion, CoreWeave is riding a wave of investor optimism fueled by strategic partnerships and robust financial performance. As the AI boom continues, monitoring the key support levels and technical trends will be crucial for those looking to capitalize on CoreWeave's upward trajectory.