Core Weave Company Overview - Core Weave has gained significant momentum since its market entry this year, with limited analyst coverage [1] - Citizens JMP upgraded Core Weave to "outperform" from "market perform" with a price target of $180 [2] Market Trends and Growth Potential - The firm anticipates accelerating outsourcing in the GPU as a service market, citing Oracle's $450 million record remaining performance obligation and Microsoft's $17 billion contract with Nvidia as evidence [3] - Core Weave's GPU as a service business is projected to grow to an estimated $300 billion, up from the current range of $3 to $4 billion [4] Stock Performance and Analyst Sentiment - The stock experienced a more than 20% selloff since its Q2 report but has rebounded approximately 20% in the last week [4] - Analysts believe that the wave of incremental outsourcing by hyperscalers will outweigh potential negatives in the near term, despite acknowledging long-term flaws in the business plan [5] Partnership with Nvidia - Core Weave disclosed a $6.3 billion order with Nvidia, which is obligated to purchase any unsold capacity through April 2032 [6] - This agreement provides a level of protection for Core Weave, addressing concerns about its business model and long-term prospects [7]