Jim Cramer remains bullish on AI infrastructure and data center stocks, arguing they'll rebound strongly if trade tensions ease and AI optimism returns, despite Wall Street's recent doubts.
Morgan Stanley analyst said CoreWeave’s strong domain expertise in building and operating GPU clusters has helped it build more than $25 billion book of business in less than five years.
BofA Securities and Needham initiate coverage of CoreWeave with Buy ratings and price targets of $42 and $55, respectively, citing strong positioning and execution in the rapidly growing AI market.
Nvidia-backed AI startup CoreWeave has rapid growth and strong backing but faces volatility ahead. JPMorgan initiates coverage with $43 price target and Overweight rating. Bears worry about future GPU demand, but bulls see potential for high returns.
Wall Street analysts doled out mixed ratings on AI cloud computing services provider CoreWeave stock after its IPO. CoreWeave rents out Nvidia chip-equipped servers.
Applied Digital made the pivot in 2022 to explore HPC hosting in addition to hosting crypto miners and has been pursuing hyperscalers for their Ai data centers.
Large-cap stocks had poor performance last week, including UnitedHealth Group, Global Payments, Applovin, Humana, DaVita, Meta Platforms, Yum China, CoreWeave, Burlington Stores, Super Micro Computer, and GlobalFoundries.
Rosenblatt analyst maintains Buy on TeraWulf with lowered price target; company well-positioned in Bitcoin mining and HPC, but underperforms peers due to execution and AI concerns.
