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CoreWeave Stock Upgraded as AI Infrastructure Demand Surges
CoreWeave Stock Upgraded as AI Infrastructure Demand Surges
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BTCCSquare news:
CoreWeave's CRWV shares rallied 7.6% after securing a $6.3 billion Nvidia deal, triggering bullish analyst upgrades. Citizens JMP's Greg Miller lifted the stock to Buy with a $180 target, citing hyperscaler outsourcing momentum. Raymond James' Josh Beck concurrently initiated coverage with an Outperform rating.
The cloud provider's GPU-as-a-service business shows explosive growth potential - analysts project the $3-4 billion market could reach $300 billion. Oracle's robust backlog and Nebius' $17 billion Microsoft contract underscore accelerating enterprise demand for AI infrastructure.
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