Group 1 - Core Scientific Inc. is viewed positively by Wall Street analysts, with Cantor Fitzgerald raising its price target to $26 from $18 while maintaining an Overweight rating [1][2] - The potential acquisition by CoreWeave Inc. is a focal point, with two scenarios anticipated if the deal is rejected: either CoreWeave renegotiates or Core Scientific pursues its own high-performance computing (HPC) strategy [1][2] - B. Riley has also upgraded Core Scientific to Buy from Neutral, increasing its price target to $30 from $17, indicating a strong likelihood of shareholders voting against the acquisition [2] Group 2 - Core Scientific operates in the digital asset mining sector in the US, divided into three segments: Digital Asset Self-Mining, Digital Asset Hosted Mining, and HPC Hosting [3] - CoreWeave Inc. provides a cloud platform that supports scaling and acceleration for Generative AI, focusing on infrastructure for enterprise compute workloads [3]

CoreWeave - CoreWeave's cloud data center infrastructure is experiencing high demand due to the need for AI model training and inferencing, with a backlog of $30.1 billion at the end of Q2 2025, nearly double the year-to-date amount [4] - The company is aggressively expanding its data center capacity, aiming to increase from 470 megawatts to 900 megawatts by the end of 2025, and has secured 2.2 gigawatts for future buildouts [6] - In Q2, CoreWeave's revenue surged 207% year over year to $1.2 billion, and adjusted operating income increased 135.3% year over year to $200 million [7] - Analysts project revenue growth from $5.26 billion in 2025 to $30.1 billion in 2030, with expectations of profitability by 2027 [10] - If growth continues, CoreWeave's market capitalization could reach between $267.9 billion and $373.2 billion by 2030, representing a potential multibagger opportunity [11] MongoDB - MongoDB's document-based database is becoming essential for AI infrastructure, offering a complete solution for transactional data, search, and AI features [12] - In Q2 of fiscal 2026, MongoDB's revenue increased 24% year over year to $591.4 million, with its cloud-based Atlas service growing 29% year over year [14] - The company added 2,800 new customers, bringing the total to 59,900, while gradually reducing net losses [14] - MongoDB trades at 12 times sales, below its five-year average of 14.9, with revenue expected to grow from $2.36 billion in fiscal 2026 to $5.36 billion in fiscal 2031 [15] - If the P/S multiple returns to its historical average, MongoDB's market capitalization could reach around $79.6 billion, nearly three times its current market cap of $26.58 billion [15]

Core Viewpoint - Core Scientific, Inc. (NASDAQ:CORZ) is viewed as capable of thriving independently, with opposition to its proposed $9 billion acquisition by CoreWeave [2][3][5] Group 1: Acquisition Opposition - Institutional Shareholder Services (ISS) recommends voting against CoreWeave's acquisition, citing Core Scientific's historical success [2] - Two Seas Capital, the largest active shareholder of CORZ, supports ISS's recommendation and emphasizes the company's potential for significant upside independently [3] - Concerns are raised regarding the valuation and fixed exchange ratio of the proposed deal, which may expose shareholders to increased risks [5] Group 2: Market Reaction - Following ISS's recommendation, CORZ shares surged over 5% in post-market trading, indicating growing investor support for independence [5] - In contrast, CoreWeave's shares have declined approximately 15% since the announcement of the proposed transaction [5] Group 3: Company Operations - Core Scientific, Inc. operates in digital asset mining and high-performance computing services through its self-mining, hosted mining, and HPC segments in the U.S. [6]

Core Insights - Nvidia is a leader in AI infrastructure, dominating the market for AI accelerators and generative AI networking equipment [1][2] - Nvidia has significant investments in CoreWeave and Arm Holdings, indicating confidence in their growth potential [3] Nvidia's Investment Portfolio - Nvidia owns $4.3 billion in stocks, with 91% allocated to CoreWeave and 4% to Arm [3] - The company collaborates with both CoreWeave and Arm, reinforcing its commitment to these investments [3] CoreWeave Overview - CoreWeave specializes in cloud infrastructure and software services tailored for AI workloads, utilizing Nvidia accelerators exclusively [4] - The company outperforms traditional data centers, achieving up to 20% better performance and minimizing GPU compute capacity loss [5] - CoreWeave has been recognized as the best AI cloud platform, surpassing competitors like Amazon and Microsoft [6] - The stock is valued at 15 times sales, with projected revenue growth of 127% annually through 2026 [6] Arm Holdings Overview - Arm designs CPUs and licenses its technology, holding a 99% market share in smartphone processors [7][8] - The company has gained over 10 percentage points of market share in data centers in the last three years, with a significant increase in enterprises running AI workloads on Arm architecture [10] - Earnings for Arm are expected to grow at 45% annually through March 2027, with a current valuation of 110 times earnings [11]

Core Company Overview - Cororeweave is an AI cloud computing company that provides powerful computing resources for AI creation and training, utilizing supercomputing mega clusters with over 100,000 GPU chips [2][3] - Founded in 2017 as Atlantic Crypto, the company pivoted to cloud computing in 2019 and rebranded as Cororeweave [4][5] - The company operates more than 30 data centers and develops in-house chip management software [4][6] Financial Performance - In its last quarterly report, Cororeweave reported revenue of $1.21 billion, exceeding estimates of $1.08 billion, but posted a loss of 60 cents per share, worse than the expected 23 cents [8] - The company has accumulated a revenue backlog of $30.1 billion, indicating potential future income [10] - Cororeweave's debt exceeded $10 billion at the end of Q2 2023, attributed to high upfront costs for hardware and facilities [9] Strategic Partnerships and Acquisitions - Cororeweave has secured significant investments and partnerships, including a $100 million investment from Nvidia in April 2023 and a $6.5 billion expansion of its partnership with OpenAI [5][7] - The company announced plans to acquire Monolith AI and OpenPI, as well as a $9 billion all-stock deal for Core Scientific [7] Market Position and Competitors - Cororeweave differentiates itself from major cloud providers like AWS, Azure, and Google Cloud by focusing primarily on AI and machine learning [6] - The company has established itself as a key player in the AI space, attracting attention from investors despite not yet turning a profit [18]

Core Viewpoint - CoreWeave (CRWV) is positioned as a rapidly developing cloud infrastructure provider with strong fundamentals and momentum, making it an attractive option for long-term investors [1] Company Performance - CoreWeave's stock has surged 207.5% since its IPO in March, indicating strong market interest and potential for growth [2] - In Q2, CoreWeave reported a remarkable 207% year-over-year revenue increase to $1.2 billion, alongside $200 million in adjusted operating income, marking a significant milestone for the company [5] - The company achieved both $1 billion in revenue and $200 million in profit in a single quarter for the first time, reflecting its rapid execution amid unprecedented demand for AI cloud services [5] Growth Drivers - CoreWeave's contract backlog reached $30.1 billion, an 86% increase year-over-year and double the amount year-to-date, driven by new enterprise customers, startups, and hyperscale partnerships [5] - Notable contracts include a $4 billion expansion with OpenAI, showcasing the company's strong position in the AI sector [5] Customer Base and Offerings - CoreWeave's diverse customer base is expanding rapidly, with its VFX cloud offering, Conductor, experiencing a fourfold increase in usage year-to-date [6] - The company's AI infrastructure serves a wide range of industries, including video generation startups, healthcare, and major financial institutions like Jane Street, Morgan Stanley, and Goldman Sachs [6]

Core Insights - Crusoe, a cloud infrastructure partner of OpenAI, raised $1.38 billion in funding, valuing the company at over $10 billion [1][2] - CoreWeave stock has surged 225% since its IPO, indicating strong market interest in AI infrastructure [1] - Neoclouds, including Crusoe and CoreWeave, are designed to handle AI workloads and are expected to generate $23 billion in revenue by 2025, growing at 69% annually through 2030 [6] Company Developments - Valor Equity Partners and Mubadala Capital co-led the funding round for Crusoe, which is involved in the OpenAI Stargate project [2] - CoreWeave is facing challenges with its proposed acquisition of Core Scientific, with shareholders seeking a higher premium [4] - CoreWeave's customer base includes major companies like Microsoft and Meta Platforms [5] Market Trends - The AI investment landscape is evolving, with significant debt offerings planned to fund AI data centers, including a $38 billion offering for Oracle [2][7] - Analysts express mixed views on the AI market potential, citing concerns over customer concentration and high debt levels [6] - CoreWeave stock has a Composite Rating of 61, indicating moderate strength in the market [8]

CoreWeave, Inc. (NASDAQ:CRWV) is one of the 10 Best American AI Stocks to Buy According to Analysts. On October 16, CoreWeave, Inc. (NASDAQ:CRWV) unveiled its new fully managed AI Object Storage service, which is designed specifically for AI workloads. This AI Object Storage is powered by CoreWeave, Inc.’s (NASDAQ:CRWV) Local Object Transport Accelerator (LOTA) technology and makes a single dataset instantly accessible anywhere in the world for no extra charges. CoreWeave (CRWV) Launches AI Object Storag ...

Core Insights - CoreWeave Inc. is projected to experience significant revenue growth, potentially reaching "mid-$20s billion" by 2028, which represents a nearly fivefold increase from its 2025 revenue estimate of $5.3 billion [1][2][3] - The company's total revenue in 2022 was approximately $16 million, highlighting the dramatic increase in demand for its services as it transitions from a crypto mining operation to a key player in the AI infrastructure space [3][4] - CoreWeave has established itself as a critical partner for major AI companies, with Microsoft accounting for 70% of its business [4] Financial Projections - The capital expenditure for CoreWeave is projected to be between $21 to $23 billion this year, indicating a scale of investment comparable to major corporations like AT&T, Walmart, and Exxon Mobil [5] - The forecasted revenue growth underscores the unprecedented demand for AI infrastructure services, positioning CoreWeave as a unique entity in the market [5] Competitive Landscape - Despite the growth potential, CoreWeave faces competition from established cloud computing giants such as Amazon, Google, and Microsoft, which may become more effective as chip constraints ease [6] - The competitive pressure from these large companies could impact CoreWeave's returns over time, suggesting a need for strategic positioning in the evolving market [6]

Core View - Roth Capital analyst Darren Aftahi has adopted a bullish stance on Core Scientific Inc (NASDAQ: CORZ) despite the increasing unlikelihood of its expected deal with CoreWeave (NASDAQ: CRWV) [1] Company Summary - Core Scientific Inc is currently facing challenges regarding its anticipated partnership with CoreWeave, which now seems less probable [1]