BUZZ-CoreWeave jumps after brokerages upgrade it on Nvidia investment

Reuters01:45
BUZZ-<a href="https://laohu8.com/S/CRWV">CoreWeave</a> jumps after brokerages upgrade it on <a href="https://laohu8.com/S/NVDA">Nvidia</a> investment

** Shares of cloud infrastructure firm CoreWeave CRWV.O climb 11.7% to $109.84

** Deutsche Bank raises PT to $140 from $100 and rating to "buy" from "hold"

** CRWV is entering the sweet spot as it starts booking new business on its >1GW of secured power in a supply-constrained market - Deutsche Bank

** Says AI giant Nvidia's NVDA.O $2 billion investment in CRWV "also incrementally strengthens the longer-term view"

** Adds it was not about CoreWeave's need for capital to fund its growth but more strategic in nature

** Mizuho raises CRWV's PT to $100 from $92; maintains "neutral" rating

** NVDA investment highlights potential for CRWV to sell its software stack to other cloud partners and enterprises, which it emphasized could be a meaningful and margin-accretive long-term opportunity, says Mizuho

** Adds CRWV is positioned to capture meaningful share of AI cloud provider market, which is growing at a rapid pace

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

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