CoreWeave (CRWV) Emerges as an AI Infrastructure Stock to Watch After Truist Initiation

Group 1 - CoreWeave, Inc. (NASDAQ:CRWV) is gaining attention on Wall Street, with Truist Securities initiating coverage with a Hold rating and an $84 price target, citing high leverage and capital expenditure requirements as concerns [1][2] - CoreWeave has a strategic partnership with Nvidia, which owns approximately 7% of CRWV and has committed to purchasing up to $6.3 billion of unsold capacity through April 2032, providing a long-term revenue backstop [2] - The company generated 77% of its revenue last year from its two largest customers, with Microsoft accounting for 62% of revenue, and this year, Microsoft has made up around 70% of revenue through Q3 2025, although this is expected to decline below 50% next year after the OpenAI contract begins [3][4] Group 2 - The reliance on a few revenue sources tied to one or two customers creates risks for CoreWeave, particularly if alternatives to Nvidia's GPUs emerge or supply constraints ease [3][4] - Despite the risks, there is potential for Nvidia or other partners to acquire CoreWeave if business conditions worsen, as GPU and compute capacity are likely to remain vital to AI models [4]