Insider Monkey·2025-11-17 05:33Market Overview - Wall Street is currently facing concerns regarding inflation and mixed opinions from bankers about the health of the US economy, with high valuations of artificial intelligence stocks contributing to investor anxiety [1][2] - The volatility in tech stocks is attributed to fears of a concentration in the 'Mag 7' within the S&P 500 and the potential for an AI bubble [3] Nvidia's Earnings - Nvidia's upcoming earnings report on November 19 is anticipated to be pivotal for Wall Street, as it may indicate whether the momentum in AI investment is sustained [2] - Analysts suggest that if Nvidia does not meet growth expectations, it could negatively impact related trades in the market [2] CoreWeave, Inc. (NASDAQ:CRWV) - CoreWeave is highlighted as a significant AI stock, with a Buy rating initiated by Compass Point and a price target of $150, driven by AI-driven data center spending and contracts with major clients [7] - The company has a revenue backlog of $55.6 billion as of Q3 2025, reflecting an 85% sequential increase from $30.1 billion in Q2 2025, supported by commitments from clients like OpenAI and Meta [9] - Nvidia, a 7% shareholder in CoreWeave, has provided a $6.3 billion capacity backstop to ensure revenue generation from unused GPUs through 2032, reinforcing confidence in CoreWeave's growth [10] Elastic N.V. (NYSE:ESTC) - Elastic N.V. is another AI stock of interest, with Guggenheim reiterating a Buy rating and a price target of $122, based on expected revenue outperformance and margin expansion [11] - Projections indicate that Elastic will exceed consensus expectations for its second-quarter revenue and will likely raise its fiscal 2026 guidance [12][14] - The company is expected to achieve a total revenue growth of 18% year-over-year, with cloud revenue growth stable at 24% [13][14]