Why Oracle, CoreWeave, Credo, and Other Top Tech Stocks Surged This Week

By Joe Tenebruso – Apr 19, 2026 at 8:47PM ESTKey PointsThe prospect of peace in the Middle East drove investors to rotate back into growth stocks.AI-related tech suppliers led the gains.Oil prices fell this week as peace talks between the U.S. and Iran reportedly progressed. Investors became less fearful that events in the Middle East would push the economy into a recession, so they turned their attention back to investable trends such as artificial intelligence (AI). Here's how some of the top tech stocks performed: Credo Technology (CRDO +1.11%), up 34% Oracle (ORCL 1.86%), up 27% CoreWeave (CRWV 2.27%), up 15% Image source: Getty Images. Credo Technology sees the light Credo made a big move to expand its silicon photonics business on Monday. The supplier of high-speed cables and other connectivity solutions used in artificial intelligence (AI) data centers reached an agreement to acquire DustPhotonics, a developer of semiconductor chips that use light rather than electricity to accelerate data transfers. Credo's management expects the deal to help its optical revenue rise to over $500 million by fiscal 2027. ExpandNASDAQ: CRDOCredo Technology GroupToday's Change(1.11%) $1.76Current Price$160.69Key Data PointsMarket Cap$30BDay's Range$152.09 - $165.0052wk Range$33.04 - $213.80Volume7.2MAvg Vol7.5MGross Margin67.83% Oracle's cloud gains Oracle expanded its partnership with Bloom Energy on Monday to include a 1.2-gigawatt (GW) fuel cell contract that will power Oracle's cloud data centers. Oracle also holds a warrant giving it the right to purchase more than 3.5 million shares of Bloom's stock, which surged in value following news of the fuel cell supply agreement. And on Thursday, Oracle said it would work with Amazon Web Services to more seamlessly integrate its AI database workloads and other cloud applications. The collaboration between these two tech titans should bolster Oracle's position as a leading provider of cross-cloud solutions. Oracle's multicloud database revenue rose by a whopping 531% in the quarter ended Feb. 28. AI leaders want CoreWeave's compute On April 9, CoreWeave struck a $21 billion deal to supply Meta Platforms with AI cloud computing capacity through December 2032. And on April 10, CoreWeave announced another multiyear compute supply deal to support Anthropic's Claude AI model development efforts. News of these deals led several Wall Street analysts to lift their price forecasts for the AI infrastructure provider's shares this past week, helping to drive CoreWeave's stock higher.Read NextApr 18, 2026 •By Keithen Drury3 AI Infrastructure Stocks With 100% or Greater Growth RatesApr 16, 2026 •By James BrumleyCoreWeave Just Signed a $21 Billion Deal With Meta. Here's Why This Stock Might Finally Be Turning the Corner.Apr 15, 2026 •By Harsh ChauhanCoreWeave Has a Massive $88 Billion Revenue Backlog. Here's Why the Stock Could 10x in 5 Years.Apr 15, 2026 •By Jose NajarroAnthropic Needs More AI Compute -- Here Are My Top 8 Stocks to OwnApr 14, 2026 •By John BallardIs CoreWeave the Best AI Buildout Play?Apr 14, 2026 •By Will Healy5 Reasons Investors Should Not Bet Against CoreWeave StockAbout the AuthorJoe Tenebruso is a contributing Motley Fool stock market analyst with more than 3,000 financial bylines to his name. Joe was an investment analyst for Stock Advisor, Income Investor, Crypto Society, and other top-rated investing services. He also managed Tier 1 Investments, a market-crushing real-money portfolio with 24.58% annualized returns. Joe graduated summa cum laude from Rutgers University with a Bachelor of Science in Finance.tmfguardianX@Tier1InvestorStocks MentionedCoreWeaveNASDAQ: CRWV$116.85(-2.27%)-$2.71OracleNYSE: ORCL$175.02(-1.86%)-$3.32Meta PlatformsNASDAQ: META$689.14(+1.81%)+$12.27AmazonNASDAQ: AMZN$250.36(+0.26%)+$0.66Bloom EnergyNYSE: BE$207.15(-1.39%)-$2.91Credo Technology GroupNASDAQ: CRDO$160.69(+1.11%)+$1.76*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.