JPMorgan Sees Strong AI Demand for CoreWeave
JPMorgan says CoreWeave’s AI demand remains very strong, driven by long-term contracts and limited compute supply, while keeping a Neutral rating.
JPMorgan says CoreWeave’s AI demand remains very strong, driven by long-term contracts and limited compute supply, while keeping a Neutral rating.
BTIG upgraded Core Scientific to Buy with a $23 target, citing improved prospects after the CoreWeave merger rejection and strong demand for high-performance computing power.
Citi resumed coverage of CoreWeave with a Buy rating and a $135 price target, citing strong demand despite short-term supply and capacity challenges.
Citizens analyst Greg Miller upgrades Core Scientific to Outperform, citing strong growth, HPC demand, and strategic focus after CoreWeave deal setback.
Oracle stock drops 11% after missing revenue targets despite massive AI investments. Cloud sales lag expectations while capital spending jumps to $50B, raising investor concerns about AI profitability timeline.
CoreWeave (CRWV) shares fell as the AI cloud-computing company plans to raise $2 billion through convertible notes, with part of the proceeds used to protect shareholders from stock dilution.