CoreWeave: NVIDIA becomes a second-largest shareholder and key partner
Jefferies confirms price target of $120 (Buy) and sees a 20% chance
By 2026, capital expenditures are expected to double to nearly $30 billion
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CoreWeave (CRWV) has strong potential for a sustainable upward movement as an AI hyperscaler. Despite recent delays in capacity expansion, there was a revenue increase of over 134% and a backlog that expanded by $25 billion to $55.6 billion, thanks to major deals with Meta and OpenAI. The high demand for AI computing power is expected to be better met with a secured capacity expansion from 2.9 GW through the accelerated construction of AI factories exceeding 5 GW by 2030. The additional $2 billion investment from NVIDIA supports these plans, with...
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