Mizuho Sees Long-Term Upside in CoreWeave (CRWV) Despite Near-Term Risks

Core View - CoreWeave, Inc. (NASDAQ:CRWV) is gaining attention on Wall Street as an AI stock, with Mizuho analyst Gregg Moskowitz raising the price target to $100.00 from $92.00 while maintaining a "Neutral" rating, indicating optimism for long-term growth despite short-term risks [1][4]. Company Developments - Mizuho highlighted the recent expansion of the relationship between CoreWeave and Nvidia, which includes plans for a 5GW capacity build-out and a $2 billion equity investment from Nvidia, enhancing CoreWeave's growth prospects [2]. - The potential for CoreWeave to sell its software stack to other cloud partners and enterprises is emphasized as a "meaningful and margin accretive" long-term opportunity [2]. Market Position - Mizuho believes CoreWeave is well-positioned to capture a significant share of the rapidly growing AI cloud provider market, despite previous reservations about its revenue potential in a capacity-constrained environment [3]. - The firm acknowledges recent developments have increased confidence in CoreWeave's long-term trajectory, although it remains cautious about short-term revenue upside [4].