CoreWeave and Rocket Lab Stocks Surge Following US Government Initiatives
CoreWeave Inc. and Rocket Lab USA, Inc. saw stock surges of 22.64% and 17.69%, respectively, following positive US government initiatives, including CoreWeave's involvement in the Department of Energy's Genesis mission and Rocket Lab's contract with the US Space Force for satellite deployment. Despite these gains, both companies are deemed overvalued, with CoreWeave exceeding its fair value by over 18% and Rocket Lab by over 57%, prompting investors to consider alternative high-tech opportunities.
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CoreWeave Inc (NASDAQ:CRWV) and Rocket Lab USA, Inc. (NASDAQ:RKLB) experienced significant gains of 22.64% and 17.69% respectively, driven by US government initiatives. CoreWeave is now part of the US Department of Energy's Genesis mission, which connects leading scientific institutions and technology providers to accelerate scientific discoveries and enhance national security.
Rocket Lab secured a contract with the US Space Force to provide 18 satellites. Despite these positive developments, both stocks are considered overvalued: CoreWeave is over 18% above its fair value, while Rocket Lab is over 57% overvalued based on valuation models. Investors seeking high-tech opportunities may want to explore other options.
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