Bank of America revamps price targets on CoreWeave, Nebius stocks

Despite the bearish noise, Bank of America just doubled down on the AI infrastructure trade, resetting its targets on neocloud giants, CoreWeave (CRWV) and Nebius Group (NBIS), with healthy upside from current prices. The bank reiterated a Buy rating on CoreWeave, slapping a lofty $100 price target (about 22% upside), and initiated coverage of Nebius at $150 (roughly 30% upside). Though both stocks have taken hits of late, BofA analysts still view the relentless AI buildout as far from fully priced in. ...