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Demand for AI infrastructure will drive more gains in this stock, says Bank of America

Demand for AI infrastructure will drive more gains in this stock, says Bank of America

CoreWeave is poised to gain ground thanks to strong demand for artificial intelligence infrastructure, according to Bank of America Global Research. The bank reinstated coverage of CoreWeave with a buy rating, up from hold. It set a $100 price objective for the stock, suggesting 22% upside from Monday’s close. “CoreWeave is well positioned to capture…

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FedEx launches same-day delivery with OneRail to rival Amazon, Walmart

FedEx launches same-day delivery with OneRail to rival Amazon, Walmart

FedEx is launching a same-day shipping program with last-mile delivery company OneRail, just after Amazon announced it will start offering quicker shipping times, CNBC has learned exclusively. The new partnership means customers now have a definite “by end-of-day offering,” according to Jason Brenner, FedEx’s senior vice president of digital. “Our value prop is about speed,…

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