CoreWeave Surges 9.7% Against the Tape: Cantor Targets $167, Still a Chase?
CoreWeave bucked a broad AI hardware selloff with a 9.67% gain.
Cantor Fitzgerald reiterated Overweight with a $167 price target, citing strong demand for CRWV's AI compute rental model and execution track record; one firm also issued a 'long CRWV, short Nebius' paired trade, arguing CoreWeave holds the edge on both valuation and delivery. As upstream chipmakers give back gains on crowded positioning, downstream 'compute-as-a-service' cloud players are drawing fresh interest. Can the AI cloud most deeply tied to NVIDIA hold its ground against broader sector headwinds?