Coreweave Gains, Sandisk Surges, Constellation Brands Falls as Outlook Disappoints

On this episode of Stock Movers:

- Coreweave (CRWV) shares gain after news that it struck a $21 billion deal to supply computing power to Meta Platforms Inc. through 2032. CoreWeave will provide AI cloud capacity to Meta from multiple data centers powered in part by the Rubin systems of chips company Nvidia Corp., through December 2032.

- Sandisk (SNDK) shares surge after news that its' price target is being raised to a Street-high view of $1,250 from $1,000 at Bernstein, which cites ongoing strength in prices for memory chips. 

- Constellation Brands (STZ) shares fall after the maker of Corona and Modelo Especial gave an outlook for full-year comparable earnings-per-share that missed the average analyst estimate. The company also said it’s withdrawing its previously issued fiscal 2028 forecast.

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