Freedom Capital Markets maintains Buy rating on CoreWeave, $151 price target

CoreWeave, Inc. (CRWV) completed its acquisition of Weights & Biases on May 5, 2025. Weights & Biases will operate as a named product within CoreWeave Forge, maintaining its current services and support. The transition to CoreWeave Forge is ongoing, with redirects in place for wandb.ai pages.

William Blair initiated coverage of CoreWeave (CRWV) and Nebius Group (NBIS) with Outperform ratings, citing their strong positions in AI infrastructure. CoreWeave reported $2.58B Q2 revenue and $130B backlog, while Nebius's revenue run rate grew to $3B. Both companies have secured long-term contracts and are expanding their AI cloud platforms.

ARK Invest sold $110.5M in AMD shares and bought $81.6M in Nvidia, along with other tech stocks. AMD is up 183.7% YTD, while Nvidia gained 22.11%. ARK's moves may reflect rebalancing, with no public explanation provided. AMD's market cap briefly hit $1T, and Nvidia announced a $150B buyback.

Michael Burry shifted AI-related stock shorts into long-dated put options, targeting firms like Nvidia (NVDA) and others. Meanwhile, Anthropic (ANTHROPIC) reported a $4.6B revenue jump in 2025, alongside a $42B net loss, ahead of a potential IPO.

CoreWeave (CRWV) has dropped 38% from its 2023 highs but remains up 7% year-to-date. JPMorgan upgraded it to Overweight with a $125 price target, citing strong AI demand and improved pricing power. The company is shifting to short-term contracts at higher prices, which may boost revenue but introduce risks. Institutional interest increased in Q2, with mixed hedge fund activity and significant short interest.

CoreWeave (CRWV) reports higher pricing for new compute contracts and increased power capacity to 4.2 gigawatts. The company secured $25B in new customer commitments, but still faces profitability challenges with a $1.9B net loss over the past year. Despite a 45% drop from its 52-week high, the company's growth and margin improvement prospects may attract investors.