CRWV: CoreWeave Stock Jumps as Cantor Sees Trillion-Dollar AI Upside

Aug 27 - CoreWeave CRWV gained about 3% on Wednesday morning trading after Cantor Fitzgerald launched coverage with an Overweight rating and a $116 price target. The firm pointed to what it sees as a balanced outlook: strong potential in the artificial intelligence market paired with execution challenges that come with rapid growth.

Analysts said CoreWeave sits at the center of the AI build-out, with most of its revenue coming from large language model training. They noted, however, that inference workloads could soon become an even larger growth driver. The company positions itself as a hyperscale cloud platform built around AI applications, aiming to capture demand as businesses adopt AI-powered infrastructure.

Nvidia NVDA remains a crucial partner in CoreWeave's expansion. The chipmaker not only supplies GPUs that power CoreWeave's operations but also holds a stake of about 5.1% following the IPO. Analysts estimate Nvidia contributes a meaningful portion of CoreWeave's revenue and could remain a key customer as AI infrastructure demand scales.

Cantor's team highlighted Nvidia's view of a $1 trillion installed base for accelerated computing and a similar opportunity in AI factories, areas where CoreWeave may carve out a long-term role.

If that vision takes shape, CoreWeave could secure a lasting role in powering the next wave of trillion-dollar AI infrastructure.