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CRWV stock jumped on Cantor Fitzgerald’s initiation at “Overweight” with a $116 price target in reference to its strategic partnership with Nvidia (NVDA) and increasing Nvidia-based generative AI workload demand. It followed shortly after Nvidia’s record-breaking quarter, which reaffirmed its spot at the epicenter of the AI juggernaut.Everything is in place: hyperscale spending on data centers is skyrocketing, inference computational workloads are rising exponentially, and infrastructure investment driven by artificial intelligence is outpacing supply. That is why CoreWeave’s role as an artificial intelligence-focused hyperscaler, based entirely on Nvidia GPUs, has become a prime enabler in the artificial intelligence economy.Dear Broadcom Stock Fans, Mark Your Calendars for September 4A $10 Billion Reason to Buy Google Stock NowAfter a 222% Surge, Is SoFi Stock Headed Even Higher?Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!CoreWeave is a New Jersey cloud computing company with a specialty in AI infrastructure. Also known as the “AI hyperscaler,” it offers access to GPU-accelerated computing power for research labs, developers, and enterprises. As it is an entirely Nvidia-powered infrastructure company, it is a partner of choice for large language model (LLM) training, inference, and other high-demanding applications for artificial intelligence. Its market capitalization is over $47 billion.CRWV has had a bumpy ride since the IPO, ranging between $33.51 and $187 per share over the last 52 weeks. CoreWeave now trades in the $104 handle, up more than 13% in the recent five days but still far short of its 2025 highs. That compares with a nearly 25% increase in the same period by the S&P 500 Index ($SPX), which reflects risk as well as upside potential in CoreWeave’s story of growth.https://www.barchart.comValuation remains stretched in line with robust expectations for expansion. CoreWeave has a 13.4x price-to-sales (P/S) multiple and 15.8x price-to-book (P/B) multiple, but still incurs net losses on a GAAP basis since debt costs are so onerous in addition to spending for expansion. 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