CoreWeave surged to a record high of $175.38 on Tuesday, continuing its post-IPO rally, according to Benzinga. CoreWeave's stock has continued its sharp rise since its March IPO, driven by strong investor enthusiasm for AI infrastructure. Bank of America’s Brad Sills lowered his rating from Buy to Neutral on Monday, citing valuation concerns after shares jumped over 145% since the company's first quarter results. He raised the price target to $185, acknowledging the company’s robust fundamentals. Sills warned that CoreWeave’s near-term upside may be priced in and highlighted costly competition from major tech firms. Investor optimism remains strong despite cautionary analysis. Key partnerships with OpenAI, Google, and Nvidia have reinforced its position as a major player in AI infrastructure.
Be the first to comment