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CoreWeave (CRWV) operates a specialized cloud platform that provides infrastructure for generative artificial intelligence (AI) workloads, offering GPU and CPU compute, storage, networking, and managed services. A New Jersey-based company, CoreWeave has positioned itself as a crucial infrastructure provider for the AI revolution.
Wall Street analysts have initiated coverage of the newly public company with bullish outlooks. Both Jefferies and Stifel are covering CoreWeave stock with “Buy” ratings, setting price targets of $51 and $55, respectively. At the time of writing, CRWV stock trades near $41 per share.