BNP Paribas Highlights CoreWeave (CRWV) as a Key AI Infrastructure Beneficiary

CoreWeave Inc. (NASDAQ:CRWV) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. On June 16, Cantor Fitzgerald reiterated its Overweight rating and $167 price target for CoreWeave Inc. (NASDAQ:CRWV). According to the firm, CoreWeave Inc. (NASDAQ:CRWV) included additional information in its bond offering note that equity investors generally disregarded.

According to Cantor Fitzgerald, comparing the bond number to historical reported figures can provide insight into CoreWeave’s intra-quarter performance regarding contract signings and backlog increase. The firm added that CoreWeave Inc. (NASDAQ:CRWV) is expected to considerably exceed consensus backlog forecasts for the second quarter of 2026.

Meanwhile, on June 2, BNP Paribas began coverage of CoreWeave Inc. (NASDAQ:CRWV), assigning an Outperform rating and a $192 price target on the company’s shares. Analyst Stefan Slowinski described CoreWeave Inc. (NASDAQ:CRWV) as “one of the most strategically important companies within the AI infrastructure ecosystem.”

Although CoreWeave Inc. (NASDAQ:CRWV) isn’t beyond hurdles, BNP Paribas believes there is potential for a ‘catch-up’ trade if management delivers on its development plan.

CoreWeave Inc. (NASDAQ:CRWV) is a software infrastructure company that offers the CoreWeave Cloud platform to deliver the automation & efficiency needed to manage AI infrastructure at scale.

While we acknowledge the risk and potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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