CoreWeave-Linked Data Center Raises $1.1 Billion in Junk Bonds

JPMorgan upgraded CoreWeave (CRWV) to Overweight, citing strong demand and favorable contract pricing. Analyst Samik Chatterjee raised the price target to $125, noting potential revenue and margin growth. CoreWeave's ability to monetize GPU capacity and manage capital requirements remains key for investors.

Nebius (NBIS) rose 6% after announcing GPU price hikes of 17-21% starting Oct. 1. JPMorgan upgraded CoreWeave (CRWV) to Overweight with a $125 target, but its stock barely moved. IREN (IREN) fell 4% after Rothschild initiated coverage with a Neutral rating and $40 target, citing capital concerns.

JPMorgan upgraded CoreWeave (CRWV) to overweight, citing strong demand and favorable pricing for AI cloud computing. The upgrade precedes the company's customer conference next week.

CoreWeave (CRWV) is shifting to shorter contracts for AI computing capacity, which JPMorgan argues could boost margins. The company raised prices by 25% in July, and management expects 5-10% higher contribution margins. JPMorgan increased its price target to $125, citing better pricing power and margin expansion.

JPMorgan upgraded CoreWeave (CRWV) to Overweight, raising its 2027 price target to $125. Analyst Samik Chatterjee cited stronger compute pricing and premium short-term contracts for expected revenue and margin growth. CoreWeave shares rose 0.63% in premarket trading.

Bernstein upgraded Quanta Services (PWR) to Outperform with a $775 target. JP Morgan upgraded CoreWeave (CRWV) to Overweight with a $125 target. HSBC upgraded Dollar General (DG) to Buy with a $160 target. PWR closed at $634.90, CRWV at $86.90, and DG at $120.60 on Wednesday.