Wall Street just turned bearish on this top-performing Nvidia stock

Core Viewpoint - Wall Street sentiment has turned bearish on CoreWeave despite its impressive performance since its IPO, with shares falling 3.33% to $159.70, although the stock has increased by 299% since its debut [1][3] Analyst Ratings - Stifel analyst Ruben Roy downgraded CoreWeave from 'Buy' to 'Hold', raising the price target from $75 to $115, citing near-term overhangs despite recognizing the strategic value of the $9 billion acquisition of Core Scientific [4][6] - Mizuho analyst Gregg Moskowitz downgraded the stock from 'Outperform' to 'Neutral', significantly increasing the price target from $70 to $150, while noting the acquisition's potential to enhance CoreWeave's infrastructure control [7][8] Acquisition Impact - The acquisition of Core Scientific is expected to transform CoreWeave into a vertically integrated provider of AI and high-performance computing infrastructure, with an initial gross power capacity of approximately 1.3 gigawatts and potential future expansion exceeding 1 gigawatt [5][6] - The all-stock deal values Core Scientific at $20.40 per share and aims to strengthen CoreWeave's position in AI-focused data centers and energy assets [6] Valuation Concerns - Analysts express caution regarding the stock's nearly 300% surge in three months, indicating that the valuation has reached a level where risk and reward appear more balanced [9]