Latest news with #CoreWeaveInc
Yahoo
29-05-2025
- Business
- Yahoo
Why CoreWeave, Inc. (CRWV) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where CoreWeave, Inc. (NASDAQ:CRWV) stands against other best-performing stocks. CoreWeave Inc. surged by 20.66 percent on Tuesday to end at $123.97 apiece as investors cheered the appointment of a new executive to handle government affairs. According to the company, it appointed Carl Holshouser as Vice President for Government Affairs, who has two decades of track record in government and public affairs. In his new role, he is expected to spearhead CoreWeave, Inc.'s (NASDAQ:CRWV) efforts in shaping public policies at the federal and state levels. Holshouser also boasts achievements in advocacy on artificial intelligence, privacy, trade, cybersecurity, and semiconductors, among others. Additionally, CoreWeave, Inc. (NASDAQ:CRWV) appeared to have benefited from news that a clutch of Nvidia suppliers have faced technical challenges that delayed shipments of its AI data center racks, which in turn, negatively affected production of its Blackwell AI servers. In contrast, CoreWeave, Inc. (NASDAQ:CRWV) hosts such servers in its platform. Overall, CRWV ranks 2nd on our list of best-performing stocks. While we acknowledge the potential of CRWV, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWV and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Barclays Downgrades CoreWeave (CRWV) to Equal Weight, Lifts PT
On Tuesday, Barclays analyst Raimo Lenschow downgraded CoreWeave Inc. (NASDAQ:CRWV) from Overweight to Equal Weight but increased the price target from $70 to $100. This adjustment comes after a 157% rally in the stock since its IPO in March 2025, which was priced at $40 per share. A technician at a sophisticated computer hardware rig, emphasizing the company's chip-manufacturing capabilities. Despite the downgrade, CoreWeave shares traded over 13% higher on Tuesday morning, reaching a fresh high of $116.95. Barclays continues to recognize CoreWeave's role in the GenAI world. However, the firm believes that the stock's valuation could be stretched to move higher off fundamentals in the near term, especially given the absence of close comparable peers in the AI infrastructure sector. Barclays also cautions that the current valuation may not be sustainable without continued performance. CoreWeave's performance is partly attributed to its strategic partnerships, including Nvidia, which owns ~7% of the company, and other contracts with major clients like OpenAI and Microsoft. In Q1 2025, CoreWeave reported a 420% year-over-year revenue growth and reached $981 million. For Q2, the company projected sales of $1.06 to $1.1 billion. CoreWeave Inc. (NASDAQ:CRWV) operates a cloud platform that scales, supports, and accelerates GenAI. It builds the infrastructure that supports compute workloads for enterprises. While we acknowledge the potential of CRWV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWV and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
22-05-2025
- Business
- Yahoo
Citizens JMP Initiates on CoreWeave (CRWV) With a Cautious View
An analyst from Citizens JMP initiated coverage on CoreWeave Inc. (NASDAQ:CRWV) with a Market Perform rating but without assigning a price target. On the positive side, the analyst noted that CoreWeave has a low-cost, high-density infrastructure used initially for bitcoin mining, which it could repurpose to support its data center expansion. While the analyst agrees that CoreWeave's valuation multiples are not expensive, he emphasized that the company's funding needs are high and raised concerns about the business model. A technician working on a server of bitcoin mining equipment in a data center. The analyst believes that the company's current level of risk and uncertainty is relatively high, and thus, he believes that the stock is fairly valued at these levels. CoreWeave stock has surged around 170% this year, mainly due to Nvidia Corp.'s backing and the robust long-term growth potential in the AI infrastructure market. CoreWeave Inc. (NASDAQ:CRWV) provides AI developers and companies with cloud-based graphics processing unit (GPU) infrastructure, primarily based on Nvidia GPUs. While we acknowledge the potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWV and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Bloomberg
21-05-2025
- Business
- Bloomberg
CoreWeave Surges Past Analyst Targets as Citi Doubles Theirs
CoreWeave Inc. 's rally is running so hot it's leaving analysts' stock predictions in the dust. Citi Research more than doubled their 12-month price target on the stock to a Wall Street high Wednesday morning. When the market opened shares blew past it in the first 15 minutes of trading. Marquee partnerships, optimistic revenue outlook and a renewed enthusiasm for all things artificial intelligence have driven CoreWeave to all-time highs, bucking some critical reviews from Wall Street. Gains are stretching into the fourth-consecutive session, on track for another record, while the stock has more than doubled from a late March initial public offering at $40 a share.
Bloomberg
16-05-2025
- Business
- Bloomberg
CoreWeave Jumps to Record After Nvidia Reports Increased Stake
CoreWeave Inc. surged as much as 26% to a record high on Friday after Nvidia Corp. reported a larger-than-anticipated stake in the cloud-computing provider. Nvidia, the world's most valuable chipmaker, disclosed a holding of 24.18 million shares, or about 7% of outstanding stock, as of March 31. That stake, included in a 13G filing on Thursday, compared with a 5.2% figure in CoreWeave's prospectus.
