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CoreWeave Jumps 11%, Snowflake Gains 6%, Oracle Climbs 5% as Risk-On Mood Lifts AI Cloud

A broad risk-on rally lifted AI cloud shares after Trump scrapped planned Iran strikes, with CoreWeave up 11% and Snowflake and Oracle also higher.

Summary by 24/7 Wall St.
A sudden shift in geopolitical risk flipped the switch on AI cloud stocks Monday morning, sending CoreWeave, Snowflake, Oracle and Nebius sharply higher, but the group carries a history of giving back gains just as fast as it captures them.

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Bias Distribution

  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left

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The Motley Fool broke the news in Alexandria, United States on Monday, August 3, 2026.
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