BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Wells Fargo Upgrades CoreWeave Stock, Citing AI Exposure Potential
Wells Fargo Upgrades CoreWeave Stock, Citing AI Exposure Potential
11
3
BTCCSquare news:
Wells Fargo analyst Michael Turrin's upgrade of CoreWeave stock failed to ignite immediate investor enthusiasm, but the firm sees growing potential in the company's AI-driven strategy. Demand for GPU infrastructure continues to outpace supply, with contracts now extending to five or six years—a notable increase from previous four-year terms.
Nvidia's Hopper GPUs are demonstrating resilient monetization, with only 10–15% price erosion after three years of use. CoreWeave's unit economics remain robust, with management reaffirming long-term margin targets. The company's recent milestones, including IPO lock-up expiration and strategic debt financing, position it as a compelling AI infrastructure play.
By:
