CoreWeave (CRWV) Emerges as an AI Infrastructure Stock to Watch After Truist Initiation
CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Gaining Attention on Wall Street. On January 6, Truist Securities analyst Arvind Ramnani initiated coverage on the stock with a Hold rating and an $84 price target. Despite the cloud service provider’s revenue gains and high-end clients, the firm believes that CRWV suffers from lofty leverage and high capital expenditure requirements. CoreWeave, a leading provider of cloud services purpose-built for AI, has a strategic partnership with Nvidia. It also ...