Analyst resets Nvidia-backed AI stock price target
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Growth stocks have been all over the map this year. Despite bullish projections from analysts heading into 2025, President Donald Trump's global trade reset has weighed on markets: After several ups and downs, the benchmark S&P 500 is essentially flat year to date at the time of this writing.
Key Takeaways CoreWeave shares soared last week after the AI cloud provider posted a surge in quarterly revenue and disclosed that Nvidia has a higher stake in the company than investors had anticipated.
CoreWeave stock price has surged to a record high as investors cheer the recent earnings and its continued growth
CoreWeave shares hit an all-time high Thursday, up 194% in the last month. Strong earnings, OpenAI partnership and Nvidia stake have fueled the surge.
CoreWeave's stock has surged 19% after the AI cloud provider announced a successful, oversubscribed $2 billion debt offering, bolstering its financial flexibility for significant AI infrastructure expansion and debt repayment amid high investor confidence.
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Stocktwits on MSNBarclays Downgrades CoreWeave On Valuation Concerns, But Stock Continues To Hit Fresh Highs: Retail’s ThrilledBarclays analyst Raimo Lenschow downgraded CoreWeave Inc. (CRWV) stock to ‘Equal Weight’ from ‘Overweight’, citing high valuation and limited short-term upside. According to TheFly, Lenschow revised the company’s price target to $100 from $70.